{"id":4783,"date":"2016-06-27T13:35:41","date_gmt":"2016-06-27T13:35:41","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4783"},"modified":"2017-01-25T07:20:54","modified_gmt":"2017-01-25T07:20:54","slug":"aminex-receives-one-year-extension-for-ruvuma-psa","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-receives-one-year-extension-for-ruvuma-psa\/","title":{"rendered":"Aminex Receives One Year Extension For Tanzania’s Ruvuma PSA"},"content":{"rendered":"

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.<\/p>\n

TPDC is processing the extension for Ministerial approval and signature.<\/p>\n

Furthermore, Aminex has completed discussions with the TPDC with regards to transferring the drilling obligations in the northern Lindi Licence covered by the Ruvuma PSA into the southern Mtwara Licence, which includes the appraisal area for the Ntorya discovery.<\/p>\n

\"Ntorya<\/a>With the support of the TPDC, the transfer of the Lindi drilling obligations to the Mtwara licence area is also being processed for Ministerial approval and signing.<\/p>\n

\u201cWith over a decade of in-country experience and the opportunity to build long lasting relationships with the TPDC and the Tanzanian government, we are grateful for the support we have received in extending and transferring our work obligations,\u201d says Aminex CEO Jay Bhattacherjee.<\/p>\n

Thereafter, the Company as earlier announced adds it intends to drill<\/a> the Ntorya-2 well to satisfy the appraisal drilling obligation and then to apply for a 25-year development licence subject to its success.<\/p>\n

“Solo is very pleased with progress in the Ruvuma PSA and that we will shortly be in a position to commence the appraisal of the Ntorya-1 gas condensate discovery which we remain convinced has substantially more potential than the gross 70 bcf of gas booked to contingent resources this far.\u00a0 We look forward to an announcement from Aminex on the expected spud date for the Ntorya-2 well in due course,” said Solo Chairman\u00a0Neil Ritson.<\/p>\n

The Company also announces that its lender has granted an 18-month extension until 31st January 2018 to the repayment date of its corporate loan facility on existing terms.<\/p>\n

\u201cWe are also pleased to have signed an 18-month extension to our corporate loan with no other variation in terms. We continue to make significant progress at Kiliwani North and to focus on our development of the Ruvuma basin,\u201d he added.<\/p>\n

Aminex is the operator through its Tanzania subsidiary Ndovu resources with 75 percent while Solo Oil Plc has 25%.<\/p>\n","protected":false},"excerpt":{"rendered":"

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) … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1758,"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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[137,1201,4607,4606,1786,2208,2879,2481,2543],"class_list":["post-4783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-aminex","tag-jay-bhattacherjee","tag-lindi-licence","tag-mtwara-licence","tag-ntorya-discovery","tag-ruvuma-basin","tag-ruvuma-production-sharing-agreement","tag-tanzanian-petroleum-development-corporation","tag-tpdc","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/ntorya-appraisal-area.jpg?fit=401%2C450&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1f9","jetpack-related-posts":[{"id":14160,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ruvuma-gas-sales-agreement-signed\/","url_meta":{"origin":4783,"position":0},"title":"TANZANIA: Ruvuma Gas Sales Agreement Signed","author":"","date":"January 11, 2024","format":false,"excerpt":"Aminex PLC has announce that a gas sales agreement (GSA) for the sale of gas from the Ntorya location was signed by the Company\u2019s subsidiary, Ndovu Resources Limited, together with the operator, ARA Petroleum Tanzania Limited (APT) and the Tanzania Petroleum Development Corporation (TPDC). Key terms of the GSA include:\u2026","rel":"","context":"In "Countries"","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\/2024\/01\/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\/2024\/01\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Tanzania-Ruvuma.png?fit=541%2C542&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4618,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ntorya-appraisal-drilling-in-tanzanias-ruvuma-to-commence-in-q3\/","url_meta":{"origin":4783,"position":1},"title":"Ntorya Appraisal drilling in Tanzania\u2019s Ruvuma to commence in Q3","author":"","date":"April 27, 2016","format":false,"excerpt":"Appraisal drilling in the Ruvuma PSA following the Ntorya 1 discovery is expected to commence this summer according to Block operator Aminex. Two wells will be drilled in the Block in 2016 including Ntorya-2 to offset and appraise the Ntorya-1 discovery as well as the Ntorya-3, also being planned to\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Ntorya 123 location","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/04\/Ntorya-123-location.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14289,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-aminex-releases-positive-outlook-terms-2024-as-decisive\/","url_meta":{"origin":4783,"position":2},"title":"TANZANIA: Aminex Releases Positive Outlook Terms 2024 as Decisive","author":"","date":"April 29, 2024","format":false,"excerpt":"Outlook: \u2022\u00a0\u00a0\u00a0\u00a0\u00a0The operator of the Ruvuma PSA,\u00a0ARA Petroleum Tanzania Limited\u00a0(APT) continues to progress operations at the Ntorya gas field, with the following planned for 2024, upon receipt of the Development Licence: o\u00a0\u00a0Contract a rig operator to undertake the drilling of the Chikumbi-1 appraisal well and, if successful, to complete the\u2026","rel":"","context":"In "Countries"","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\/2024\/04\/Tanzania-Aminex.jpg?fit=885%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Tanzania-Aminex.jpg?fit=885%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Tanzania-Aminex.jpg?fit=885%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/04\/Tanzania-Aminex.jpg?fit=885%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12868,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ruvuma-psa-jv-signed-an-addendum-to-the-psa\/","url_meta":{"origin":4783,"position":3},"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 "Countries"","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":4783,"position":4},"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 "Countries"","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":8138,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-receives-12-month-extension-on-the-mtwara-licence\/","url_meta":{"origin":4783,"position":5},"title":"Aminex Receives 12 month Extension on the Mtwara Licence","author":"","date":"April 29, 2020","format":false,"excerpt":"Aminex has announced that it has formally received the extension of the Mtwara Licence from the Ministry of Energy of Tanzania; one of the last remaining conditions required to close the Farm-Out Agreement with ARA Petroleum Tanzania Limited which will see the Company carried for up to US$35 million of\u2026","rel":"","context":"In "Eastern Africa"","block_context":{"text":"Eastern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/eastern-africa\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4783","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\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=4783"}],"version-history":[{"count":3,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4783\/revisions"}],"predecessor-version":[{"id":4786,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4783\/revisions\/4786"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1758"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}