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yes RoJo, ten years ago Aminex made the Ntorya discovery, could any one imagin how big that discovery would end up being, yes we have good reason to be positive.
28 June 2012
"Testing of the Ntorya-1 well has now been completed. The upper 3.5 metres of the gross 25 metre sand interval was perforated and the well was flow tested on several choke sizes for extended periods over the last four days with corresponding shut-ins for pressure build-up data."
22 October 2021
"The seismic acquisition and subsequent interpretation will seek to refine and confirm the exploitable gas resources of the Ntorya field. As previously announced, through a re-interpretation of the existing 2D seismic dataset, APT's revised mapping and internal management estimates suggest a mean risked gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf (8,236 Bcf unrisked), in multiple lobes to be tested and a mean risked recoverable gas resource of 1,990 Bcf (5,419 Bcf unrisked). "
Busy news day today. Has anyone mentioned Aaron Le Blanc used to work for us and was well respected ?
LNG years away but oil at Chikumbi 1 well hits an instaneous jackpot ! Well, I'm allowed to dream at my age.....
BG - you've been posting optimistic posts for 10 years or more.
Do you expect to be still posting such posts in ten years time?
Ufufuo, excellent post, yes, you're quite right, on-shore Ntorya gas has the commercial edge over the off-shore fields, and the "The Omanis are astute business people. I’m sure they wouldn’t be spending time and money if they weren’t confident that the supply/demand equation stacks up". thanks
Hi blackgold, it is worth bearing in mind that the gas from Ruvuma will be considerably cheaper to produce than that from the deep offshore fields. I suspect that Tanzania will want to prioritise that cheaper gas for themselves.
If there is a scenario where our gas is used for export (e.g. Ruvuma has been linked with gas pipeline to Uganda) then our cost advantage gives us competitive edge to secure that too. In that scenario, there is perhaps a little less price pressure as it would be politically awkward for the ruling party if the gas sold domestically was seen as hugely expensive. So that could give us more room to negotiate ourselves.
Domestic consumption is increasing fast. We know there are some big gas hungry projects planned including the $2bn fertilizer factory. Also, Tanzania wants to export power/electricity and part of their plans to achieve that includes new gas fired power plants (inc. Mtwara 300MW and Somanga Fungu 330MW). With proposed gas pipelines to export to Uganda, Kenya and beyond, there will be a lot of demand to be met by the time the LNG facility comes on stream. The Omanis are astute business people. I’m sure they wouldn’t be spending time and money if they weren’t confident that the supply/demand equation stacks up ;-)
Sounds like a very good reason for AEX to get on with their plans at haste to pre-empt and be there and producing from the outset.
but of course, we're still talking quite a few years away.
Well yes there is that possibility, but my main concerns are once the large off-shore fields are developed and brought ashore fore LNG, the Tanzy Gov might negotiate a large % as natual gas, giving them an abundance for tanz demistic/industrial use and possibly undermining the value/importance of Ntorya gas ? but what will be will be : )
blackgold00 , the possibility is there for changes I think.
https://www.energyvoice.com/oilandgas/africa/lng-africa/382887/tanzania-baker-botts-lng/
MD248, but Ntorya gas is not designated for LNG
An agreement was signed yesterday paving the way for talks.