Wentworth anticipates its first gas delivery from Tanzania to be in Q1 2015

Wentworth resources which has interest in the Mnazi Bay concession expects its first gas delivery in the first quarter of 2015 according to a presentation made in June to investors.

Wentworth says the delivery will be under take or pay agreement with delivery point adjacent to existing facilities.

The delivery is pegged on the completion of the Mnazi Bay of a new pipeline with the initial volumes of the gas sales agreement set at 80 mmscf/d which will after the first year be increased to 130 mmscf/d.

The company adds it will be targeting to supply local power and industrial users even as a 210 mmscf/d gas processing facility is set to be put up at Madimba.

Currently there is ongoing well construction with expected completion (Commissioning and startup) also set for Q1 2015.

Also underway is the construction of a 36” pipeline from Mnazi Bay to Dar es Salaam and a 24” spur line to Songo Songo Island with financing by China Exim Bank and construction by CNPC.

Wentworth says it estimates the net cost to the company of field infrastructure to connect wells to pipeline to be approximately USD 6.7 million.

Wentworth has 39.925% interest in the concession while Maurel & Prom which is the operator has 60.075% interest.

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