Mnazi Bay Q3 2017 Gross Production Volumes Reach 60MMscf/d

Joint Venture partner at the Mnazi Bay license has reported that Q3 2017 gross production volumes from the Mnazi Bay gas field averaged 60 MMscf/d, bringing the year-to-date average to 45 MMscf/d. The partners expect that production volumes will continue at similar levels into Q4 with October 2017 month-to-date averaging over 64 MMscf/d.

“We continue to maintain 2017 full year production guidance of between 40 and 50 MMscf/d,” Wentworth Resources said in a statement.

Daily production volumes dropped during the rainy months of April and May impacted by the use of hydroelectric power and surged back to the expected gas demand in June volumes averaging 45 MMscf/d bringing the average for Q2 to 31 MMscf/d.

There was a temporary increase in volumes since the start of Q3 due to maintenance work elsewhere in the pipeline system with July month-to-date averaging 71 MMscf/d.

Meanwhile the company has reported that both Tanzania Petroleum Development Corporation (TPDC) and Tanzania Electric Supply Company Limited (TANESCO) continues to maintain regular monthly payments of gas sales invoices with a focus on settling unpaid invoices from earlier this year. TPDC remitted payments this week of $1.1 million net to Wentworth while TANESCO remitted $0.4 million net to Wentworth.

The license is now operated by Maurel et Prom with 48% working interest, Wentworth Resources 32% and TPDC (Tanzanian Government) with 20%.

Author: OilNews

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