Solo Oil has announced\u00a0that it has been informed by the operator that the seismic data required to assist in the selection of future drilling locations at the onshore Ntorya gas-condensate discovery is currently underway in south-east Tanzania.<\/p>\n
A programme of up to 250 kilometres of full-fold 2D seismic is currently in progress on the Ntorya Appraisal License and will be tied to the Likonde-1 well in the adjacent Lindi License of the Ruvuma Petroleum Sharing Contract.<\/p>\n
Extra effort will be made on static corrections to ensure the highest possible quality of data is secured on this data which is designed to infill the existing 2D grid used for the Ntorya discovery. This new seismic data will enhance the value of the original Ntorya discovery and optimize the location of future production wells.<\/p>\n
The Ntorya-1 well was tested over an initial 3.5 metre sand interval at a rate\u00a020.1 million cubic feet per day (equivalent to 3,350 barrels of oil per day), with an estimated additional 140 barrels per day of 48 degrees API condensate.\u00a0\u00a0 Unrisked contingent in place gas resources of 1.1 trillion cubic feet have been estimated for Ntorya, of which 178 billion cubic feet are considered discovered by the Ntorya-1 well.<\/p>\n
The Ruvuma PSC covers the onshore extension of the highly prolific basin in which multiple giant gas fields have been discovered offshore in both Tanzania and Mozambique during recent years. The presence of condensate represents a further positive aspect of the onshore play, since liquid hydrocarbons add considerable further commercial value and suggest the presence of a potential oil play; which has yet to be discovered.<\/p>\n
“The Ntorya discovery is a significant onshore find in the Ruvuma Basin. It is now time to move the discovery to the next phase of the commercialization process, including exploring the option to tie the Ntorya Field into the new US$1.2 billion Chinese-built gas pipeline project currently being constructed from Mtwara to Dar es Salaam. This new 36″ pipeline will pass approximately 20 kilometers from the Ntorya well and is reported to be nearing completion. \u00a0 said Neil Ritson, Solo Executive Director.<\/p>\n
Ritson adds that the pipeline creates the opportunity for Ntorya’s production to be swiftly monetized. Solo will be working with the operator to secure gas allocation into the pipeline in what marks a potentially transformational event for Solo Oil.<\/p>\n
This creates the opportunity for Ntorya’s production to be swiftly monetized. Solo will be working with the operator to secure gas allocation into the pipeline in what marks a potentially transformational event for Solo Oil.”<\/p>\n","protected":false},"excerpt":{"rendered":"