Scirocco Energy PLC - Leeds, England-based oil & gas investment company - Says first phase of the 3D seismic project has commenced on the Ruvuma PSA in Tanzania in which the company holds a 25% stake. Notes that project operator ARA Petroleum Tanzania Ltd confirms reparation work has been underway since November 15 and line clearance work is due to start next week.
"It represents a critical milestone for the project as the 3D seismic survey begins within the Ruvuma PSA. The further geotechnical knowledge the joint venture will gain from the acquisition of a modern 3D survey over the target area including the Ntorya discovery is a significant step for the Joint Venture and, tied with the upcoming well, will further define this important Tanzanian gas resource," says Chief Executive Officer Tom Reynolds.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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