Upon the signing of a Gas Sales Agreement ("GSA") in the KNDL, which is expected prior to gas delivery, the Kiliwani North-1 resources are expected to be UPGRADED to a reserves category. Further appraisal of Ntorya-1 and agreement to a development plan may also allow resources from that discovery to progress to reserves over time.
"We are extremely pleased that an independent analysis of our various Tanzanian assets has again confirmed the presence of contingent gas resources in both Kiliwani North and Ntorya, along with considerable upside. We look forward to the commencement of gas sales at Kiliwani and to the announcement of further plans to appraise the Ntorya gas condensate discovery. Tanzania represents a major part of our portfolio and we are excited by the potential it represents."
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