Wentworth resources which has interest in the Mnazi Bay concession expects its first gas delivery in the first quarter of 2015 according to a presentation made in June to investors.<\/p>\n
Wentworth says the delivery will be under take or pay agreement with delivery point adjacent to existing facilities.<\/p>\n
The delivery is pegged on the completion of the Mnazi Bay of a new pipeline with the initial volumes of the gas sales agreement set at 80 mmscf\/d which will after the first year be increased to 130 mmscf\/d.<\/p>\n
The company adds it will be targeting to supply local power and industrial users even as a 210 mmscf\/d gas processing facility is set to be put up at Madimba.<\/p>\n
Currently there is ongoing well construction with expected completion (Commissioning and startup) also set for Q1 2015.<\/p>\n
Also underway is the construction of a 36\u201d pipeline from Mnazi Bay to Dar es Salaam and a 24\u201d spur line to Songo Songo Island with financing by China Exim Bank and construction by CNPC.<\/p>\n
Wentworth says it estimates the net cost to the company of field infrastructure to connect wells to pipeline to be approximately USD 6.7 million.<\/p>\n
Wentworth has 39.925% interest in the concession while Maurel & Prom which is the operator has 60.075% interest.<\/p>\n","protected":false},"excerpt":{"rendered":"