Tanzania: Aminex provides Ruvuma operations update
10 Mar 2021
Ruvuma PSA, onshore Tanzania.
As announced previously, the Company has completed the Farm-Out agreement with ARA Petroleum Tanzania ( APT ) which has assumed Operatorship of the Ruvuma PSA. Under the Farm-Out agreement, Aminex is carried for its share of the associated field development costs up to US$35 million, equivalent to gross development expenditure of US$140 million.
The joint venture partners agree that the acquisition of a high-resolution 3D seismic survey is of primary importance for the preparation of the
Field Development Plan. The new seismic will also deliver information that will be helpful in the final planning of the Chikumbi-1 well and the location of any subsequent development wells. APT has presented both the joint venture partners and the Tanzania Petroleum Development Corporation with a revised schedule showing seismic acquisition taking place over 480 sq km during the second and third qua
Oil price, Genel, Aminex And finally…
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- AMINEX PLC Aminex - Ruvuma Operations
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Equinor writes off Tanzania liquefied natural gas project
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Govt seeks to train locals along oil pipeline route
February 10, 2021 Construction works for oil pipeline
Some of the Ugandans living along the East African crude oil pipeline route are to be trained in how to exploit the immense opportunities that the sector is about to present.
The Petroleum Authority has come up with a plan to boost the capacity of some people in the 10 districts that the pipeline will pass.
“This is a project to enable local business enterprises benefit from the very big job, which is going to be done in laying the pipeline which is going to be taking Uganda’s crude oil from here to Tanzania,” Ernest Rubondo, the executive director of the Petroleum Authority, said while launching the project in Mubende recently.