{"id":6088,"date":"2017-06-21T17:32:18","date_gmt":"2017-06-21T17:32:18","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=6088"},"modified":"2017-06-21T17:32:18","modified_gmt":"2017-06-21T17:32:18","slug":"aminex-provides-update-tanzania-operations","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-provides-update-tanzania-operations\/","title":{"rendered":"Aminex Provides Update on Tanzania Operations"},"content":{"rendered":"

Production at Kiliwani North during 2017 has averaged approximately 15 million cubic feet per day for the first five months of 2017. Aminex intends to re-enter the Kiliwani North 1 well<\/a> to gather downhole data later in the year and shareholders will be advised when this has been implemented.<\/p>\n

Work on the updated basin model for the Ruvuma acreage is ongoing to evaluate deeper targets and liquids potential in the Basin. This information will be incorporated in the Ntorya 3 drilling programme<\/a> in order to maximise target potential at greater depths. A development plan is in preparation and Aminex \u00a0is working directly with the Tanzanian Petroleum Development Corporation (\u2018TPDC\u2019). This will include early production opportunities to be implemented prior to a longer-term project for tying a fully appraised and developed gas field into the Madimba gas processing plant and the national pipeline system.<\/p>\n

Aminex says it has noted and continuously monitors recent political uncertainties which have arisen in the Tanzanian mining industry which it says are not believed to affect Aminex\u2019s domestic gas supply business, which is for local consumption with gas metered and sold at wellhead by both TPDC and Ndovu on a daily basis.<\/p>\n

Aminex adds it continues to work closely with the TPDC and with the Ministry of Energy and Minerals to ensure its operations are not affected.<\/p>\n

Meanwhile the company reports\u00a0it has repaid its corporate loan facility in full and is now a debt-free producing company.<\/p>\n

Jay Bhattacherjee, CEO of Aminex, commented: \u201cWe are very pleased to be able to report the continued progress which Aminex is making towards becoming a major player in East Africa. Final repayment of the corporate loan facility is a major milestone for Aminex and we would like to thank the debt providers who have strongly supported the Company over the last four years. The Company is financially robust, generating cashflow from production, has a very exciting upcoming development programme and is looking to grow.\u201d<\/p>\n

Ndovu Resources Ltd., Aminex\u2019s Tanzanian operating subsidiary has also reported it continues to be paid for its Kiliwani North gas sales, despite some delays in 2017, in US Dollars and this has facilitated early final repayment of all outstanding corporate debt.<\/p>\n

Neil Ritson, Solo’s Chairman commented:“Work on commercialising the Ntorya gas-condensate discovery continues to advance with a view to both short and longer term monetisation of the significant accumulation proven by the Ntorya-1 and -2 wells.\u00a0 We look forward to assisting Aminex in this work and to reporting on it as it reaches conclusions.\u00a0 In parallel, Solo is seeking partners to farm-in to or acquire its interest in the project when a 25-year development licence is granted, which is expected to be later this year.”<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Production at Kiliwani North during 2017 has averaged approximately 15 million cubic feet per day for the first five months of 2017. Aminex intends to re-enter the Kiliwani North 1 … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4803,"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":[11],"tags":[137,1321,2856,1587,4373,2342,2481,2543],"class_list":["post-6088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-aminex","tag-kiliwani-north","tag-kiliwani-north-1-well","tag-ministry-of-energy-and-minerals","tag-ntorya-3","tag-solo-oil","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\/2016\/07\/kiliwani-north-well.png?fit=525%2C519&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1Ac","jetpack-related-posts":[{"id":3271,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzanias-kiliwani-north-gas-agreement-signed-q3-2015\/","url_meta":{"origin":6088,"position":0},"title":"Tanzania\u2019s Kiliwani North Gas Agreement to be Signed in Q3 2015","author":"","date":"August 26, 2015","format":false,"excerpt":"Production from the Kiliwani North Field could start in 2015 with the Tanzanian authorities having advised that production should start within Q3 2015 now that the main pipeline has been pressure tested and with the Gas Agreement expected to be signed this quarter. The completion of a Gas Sales Agreement\u2026","rel":"","context":"In "Top News"","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\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6668,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kiliwani-north-well-production-decemberaminex-seeking-remedies\/","url_meta":{"origin":6088,"position":1},"title":"Kiliwani North Well Production Up in December,Aminex Seeking Remedies","author":"","date":"January 8, 2018","format":false,"excerpt":"Aminex has reported that the Kiliwani North well produced 95 MMcf of gas during the month of December up from after fluctuating below 1 million standard cubic feet per day in October and November due to low reservoir pressure and inlet pressure restrictions of the gas processing plant. Aminex says\u2026","rel":"","context":"In "Top News"","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\/07\/kiliwani-north-well-300x297.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4316,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kiliwani-north-1-well-set-for-production-starting-mid-february\/","url_meta":{"origin":6088,"position":2},"title":"Kiliwani North 1 Well Set for production starting mid-February","author":"","date":"February 1, 2016","format":false,"excerpt":"Aminex has informed its shareholders the Tanzanian Petroleum Development Corporation has advised Kiliwani North-1 well could start production in mid February and is currently undergoing final well integrity testing prior to first production. This development follows the signing of a Gas Sales Agreement (GSA) in January which saw the gas\u2026","rel":"","context":"In "Top News"","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\/02\/Kiliwani-North.png?fit=379%2C538&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":6088,"position":3},"title":"Aminex Receives One Year Extension For Tanzania’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":4551,"url":"https:\/\/www.oilnewskenya.com\/index.php\/gas-production-commences-at-tanzanias-kiliwani-north-gas-field\/","url_meta":{"origin":6088,"position":4},"title":"Gas Production Commences at Tanzania’s Kiliwani North Gas Field","author":"","date":"April 6, 2016","format":false,"excerpt":"Operator at the the Kiliwani North Development Licence\u00a0 Aminex has announced gas production from its\u00a0Kiliwani North gas field\u2019s Kiliwani North-1 well ('KN-1') \u00a0in Tanzania has commenced on schedule as had earlier been announced. According to Aminex production is expected to build up to an anticipated production rate of 25-30 mmcfd\u2026","rel":"","context":"In "Top News"","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\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2577,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-draws-closer-gas-production-kiliwani-north-1-well\/","url_meta":{"origin":6088,"position":5},"title":"Tanzania draws closer to gas production from the Kiliwani North 1 well","author":"","date":"February 19, 2015","format":false,"excerpt":"Aminex has notified shareholders that the Tanzanian Petroleum Development Corporation (TPDC), through its contractors, has now begun constructing the Skid Metering Unit within the boundaries of the Kiliwani North Development Licence (KNDL) and have completed laying pipe to the KNDL boundary. Once construction is complete the Kiliwani North 1 well\u2026","rel":"","context":"In "Top News"","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\/2014\/10\/kiliwani-north.jpg?fit=498%2C565&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\/6088","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=6088"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6088\/revisions"}],"predecessor-version":[{"id":6089,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6088\/revisions\/6089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/4803"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=6088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=6088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=6088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}