466 BCF<\/a> of approximately 1.3 TCF Pmean GIIP.<\/p>\nThe Plan takes into account several options for gas monetisation including Compressed Natural Gas, Gas to Power and directly connecting the gas produced from the Ntorya field to the Madimba Plant in South Eastern Tanzania via an approximately 35 km spur line.<\/p>\n
The Company has applied for a staged development of the field to allow for an early production system with existing wells and a programme that drills further development wells based on demand.<\/p>\n
\u201cSubmission of the Ntorya field Development Plan is a major milestone for the Company as we progress towards unlocking the value across Ntorya and Ruvuma as a whole. The Company continues to work on further well plans in order to maximise development of the field and looks forward to updating shareholders in Q4 on the status of the Ntorya-3 well,\u201d said CEO of Aminex, Jay Bhattacherjee.<\/p>\n
The Development Plan is now subject to review by the Tanzanian authorities and the Company will provide an update on this and the timing for spudding the Ntorya-3 well during Q4 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aminex has announced that a Development Plan for the Ntorya field, located onshore in the Ruvuma Basin, Tanzania has been submitted to the Tanzania Petroleum Development Corporation (TPDC) for approval. … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":6256,"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":[4554,6391,6284,2208,2342,2466,2472],"class_list":["post-6264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-aminex-plc","tag-io-oil-and-gas-consulting","tag-ntorya-field","tag-ruvuma-basin","tag-solo-oil","tag-tanzania","tag-tanzania-petroleum-development-corporation","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/09\/Ntorya-development-license-2.png?fit=394%2C533&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1D2","jetpack-related-posts":[{"id":6254,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ntorya-appraisal-area-gas-resources-estimated-1-3-tcf\/","url_meta":{"origin":6264,"position":0},"title":"Ntorya Appraisal Area Gas Resources Estimated At 1.3 TCF","author":"","date":"September 4, 2017","format":false,"excerpt":"Aminex has announced a further material increase in its management estimate of gas initially in place (GIIP) in its Ntorya appraisal area in the onshore Ruvuma Basin of Tanzania from unrisked resource estimates of 466 BCF Pmean GIIP to approximately 1.3 TCF Pmean GIIP. According to Aminex this update is\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\/2017\/09\/Ntorya-development-license-2.png?fit=394%2C533&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6141,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-awards-contract-for-commercialisation-study-of-tanzanias-ntorya-field\/","url_meta":{"origin":6264,"position":1},"title":"Aminex Awards Contract for Commercialisation Study of Tanzania\u2019s Ntorya Field","author":"","date":"July 10, 2017","format":false,"excerpt":"Ruvuma Production Sharing Agreement Operator Aminex has reported the appointment of io oil & gas consulting, a Baker Hughes, a GE Company,and McDermott joint venture, to prepare a gas commercialisation study to assist with the development of the Ntorya field in Tanzania. The study is designed to identify gas monetisation\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\/04\/Ntorya-Gross-Thickness-Map.png?fit=375%2C443&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5162,"url":"https:\/\/www.oilnewskenya.com\/index.php\/solo-oil-raises-2m-to-fund-tanzanias-ntorya-2-appraisal-well\/","url_meta":{"origin":6264,"position":2},"title":"Solo Oil Raises \u00a32M to Fund Tanzania’s Ntorya-2 Appraisal well","author":"","date":"September 19, 2016","format":false,"excerpt":"Solo Oil has announced that it has raised\u00a0\u00a32,000,000\u00a0gross proceeds through the issue of 1,111,111,111 new ordinary shares in a Company sponsored placement to a single institutional investor, being Epsilon Pty to fund the Company's share of the Ntorya-2 well in\u00a0Tanzania\u00a0and settle all outstanding amounts due to YA Global Master SPV,\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\/04\/Ntorya-123-location.png?fit=452%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5506,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-announces-spudding-of-ntorya-2-in-tanzania\/","url_meta":{"origin":6264,"position":3},"title":"Aminex Announces Spudding of Ntorya-2 in Tanzania","author":"","date":"December 22, 2016","format":false,"excerpt":"Aminex has announced that it has commenced drilling the Ntorya 2 appraisal well in the Ruvuma Basin, Tanzania. The well is being drilled to an estimated total depth of 2860 metres and is targeting the same channel complex as Ntorya 1 but further updip of the reservoir. \u201cWe are delighted\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\/04\/Ntorya-123-location.png?fit=452%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5201,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aminex-signs-rig-contract-for-ntorya-2-well-in-tanzanias-ruvuma-psa\/","url_meta":{"origin":6264,"position":4},"title":"Aminex Signs Rig Contract for Ntorya-2 Well in Tanzania\u2019s Ruvuma PSA","author":"","date":"September 23, 2016","format":false,"excerpt":"Tanzania\u2019s Ruvuma PSA block operator Aminex has announced that it has executed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin. The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are underway to mobilize the rig and equipment\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\/04\/Ntorya-123-location.png?fit=452%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14160,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-ruvuma-gas-sales-agreement-signed\/","url_meta":{"origin":6264,"position":5},"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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6264","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=6264"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6264\/revisions"}],"predecessor-version":[{"id":6265,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6264\/revisions\/6265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/6256"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=6264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=6264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=6264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}