{"id":426,"date":"2014-02-03T09:36:03","date_gmt":"2014-02-03T09:36:03","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=426"},"modified":"2015-11-02T14:15:59","modified_gmt":"2015-11-02T14:15:59","slug":"solo-oil-announces-addendum-to-the-ruvuma-psa-tanzania","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/solo-oil-announces-addendum-to-the-ruvuma-psa-tanzania\/","title":{"rendered":"Solo Oil announces Addendum to the Ruvuma PSA, Tanzania"},"content":{"rendered":"<p>[twitter-follow screen_name=&#8217;oilnewskenya&#8217;]<\/p>\n<p>Solo has announced\u00a0that an Addendum to the Ruvuma Production Sharing Agreement has been signed with the Minister of Energy and Mines for the\u00a0Ruvuma onshore Petroleum Sharing Agreement (&#8220;PSA&#8221;) in Tanzania.<\/p>\n<p>The Addendum allows for the remaining obligations under the First Extension Period to be completed in the Second Extension Period.\u00a0 The amended agreement requires that four wells are drilled by the end of 2016.<\/p>\n<p>&#8220;The formal agreement on the extension of the PSA gives the partners the necessary confidence to accelerate the ongoing seismic operations at Ntorya and in the wider PSA.\u00a0 Solo believes that once additional seismic data has been collected and well locations selected the potential for a worthwhile farm-out will be greatly enhanced.&#8221; Said Solo Executive Director, Neil Ritson.<\/p>\n<p>An update on the progress of the seismic survey will be issued when available.<\/p>\n<p>Participants in the Ruvuma PSA are currently; Ndovu Resources Ltd (Aminex) 75% (operator) and Solo Oil Plc 25%.<\/p>\n<p>[twitter-follow screen_name=&#8217;oilnewskenya&#8217;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[twitter-follow screen_name=&#8217;oilnewskenya&#8217;] Solo has announced\u00a0that an Addendum to the Ruvuma Production Sharing Agreement has been signed with the Minister of Energy and Mines for the\u00a0Ruvuma onshore Petroleum Sharing Agreement (&#8220;PSA&#8221;) &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/solo-oil-announces-addendum-to-the-ruvuma-psa-tanzania\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[137,1707,2207,2342],"class_list":["post-426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-aminex","tag-ndovu","tag-ruvuma","tag-solo-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/solo-oil.png?fit=386%2C407&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-6S","jetpack-related-posts":[{"id":12868,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ruvuma-psa-jv-signed-an-addendum-to-the-psa\/","url_meta":{"origin":426,"position":0},"title":"TANZANIA: Ruvuma PSA JV Signs an Addendum to the PSA","author":"","date":"November 28, 2022","format":false,"excerpt":"On 25 November 2022, at the Tanzania Petroleum Development Corporation (TPDC) headquarters in Dar es Salaam, the parties to the Ruvuma PSA signed an addendum to the PSA. The Ruvuma PSA, as with all other PSAs in Tanzania, contained profit share, royalty, and taxation rates only for oil production. The\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12616,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-half-of-seismic-data-now-acquired-over-the-ntorya-location\/","url_meta":{"origin":426,"position":1},"title":"TANZANIA:  Half of Seismic Data Now Acquired over the Ntorya location, Ruvuma PSA","author":"","date":"September 5, 2022","format":false,"excerpt":"Aminex is pleased to announce that seismic and commercial activities on the Ruvuma PSC continue to progress under the direction of the operator, ARA Petroleum Tanzania Limited (APT): \u2022 Over half of the seismic data has now been acquired over the Ntorya location. \u2022 The seismic data required to evaluate\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/Ntorya-development-license.png?fit=532%2C443&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/Ntorya-development-license.png?fit=532%2C443&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/Ntorya-development-license.png?fit=532%2C443&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5315,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ntorya-2-appraisal-well-in-tanzanias-ruvuma-psa-to-spud-in-december\/","url_meta":{"origin":426,"position":2},"title":"Ntorya 2 Appraisal well in Tanzania\u2019s Ruvuma PSA to spud in December","author":"","date":"October 18, 2016","format":false,"excerpt":"The Ntorya-2 appraisal well in Tanzania\u2019s Ruvuma PSA is expected to spud in December 2016 according to block operator Aminex Plc with of well services having been contracted to date. Site preparations for the Ntorya-2 appraisal well have now been completed and mobilisation of the Caroil#2 rig from the Ntorya-1\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/04\/Ntorya-Gross-Thickness-Map.png?fit=375%2C443&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4783,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-receives-one-year-extension-for-ruvuma-psa\/","url_meta":{"origin":426,"position":3},"title":"Aminex Receives One Year Extension For Tanzania&#8217;s Ruvuma PSA","author":"","date":"June 27, 2016","format":false,"excerpt":"Aminex has announced that it has received a one-year extension for the Mtwara Licence of the Ruvuma Production Sharing Agreement after completing discussions with the Tanzanian Petroleum Development Corporation (TPDC) with the license due to expire late December 2016. TPDC is processing the extension for Ministerial approval and signature. Furthermore,\u2026","rel":"","context":"In \"Aminex\"","block_context":{"text":"Aminex","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/aminex\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ntorya-appraisal-area.jpg?fit=401%2C450&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10776,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-apt-receives-2-years-extension-of-ruvuma-licence\/","url_meta":{"origin":426,"position":4},"title":"TANZANIA: APT Receives 2 Years Extension of Ruvuma Licence","author":"","date":"August 19, 2021","format":false,"excerpt":"The operator, ARA Petroleum Tanzania Limited (APT) has secured the extension for the Ruvuma PSA from the Ministry of Energy of Tanzania, which is valid for two years from 15 August 2021, and allows for the completion of the following: \u2022 Acquisition of 200 square kilometres (surface coverage) of 3D\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/07\/Ruvuma-PSA.jpg?fit=535%2C694&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4314,"url":"https:\/\/www.oilnewskenya.com\/index.php\/bowleven-farmout-in-tanzanias-ruvuma-psa-terminated\/","url_meta":{"origin":426,"position":5},"title":"Bowleven Farmout in Tanzania\u2019s Ruvuma PSA Terminated","author":"","date":"February 1, 2016","format":false,"excerpt":"Ruvuma PSA operator Aminex has advised that the proposed disposal of a 25% interest in the Kiliwani North Development Licence and a 50% interest in the Ruvuma PSA to Bowleven PLC, announced to shareholders on 19 November 2015, will not proceed. This follows a failure by the involved parties (Aminex,\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Kiliwani-North-2.png?fit=313%2C402&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=426"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/426\/revisions"}],"predecessor-version":[{"id":3996,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/426\/revisions\/3996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/272"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}