Member Info for blackgold00

No tanzaia it was the Minister for Energy January Makamaba

https://www.lse.co.uk/ShareChat.asp?ShareTicker=AEX&share=Aminex&thread=0FBEC329-4231-459B-AE56-9652AF8E4B8D&reply=true#add-terminal
THE government through Tanzania Petroleum Development Corporation (TPDC) and ARA Petroleum Tanzania Limited of Oman on Friday signed a gas addendum for Ruvuma-Mtwara Production Sharing Agreement (PSA).

The signed pact will enable the development of the Ntorya gas field whereby TPDC in collaboration with ARA Petroleum are planning to undertake various extraction activities including drilling of production wells and construction of preprocessing units.

Also, there will be a construction of infrastructures for gas production and transportation whereby a 30 km gas pipeline will be constructed from Ntorya gas field to Madimba gas processing plant.

Speaking during the signing ceremony, Minister for Energy January Makamba   said completion of the project will increase the production of natural gas in the Country.

He said, currently, gas production in the country is from Songosongo and Mnazi Bay gas fields that started production in 2004 and 2006 respectively.

According to him, the successful implementation of

He has urged TDPC to cooperatively work with the ARA so as to complete the work quickly, aiming at the public to benefit from the project.

For his part, the TPDC Managing Director Dr James Mataragio assured their commitment to effectively supervise implementation of the project.

“We shall continue to work with ARA petroleum in the production of the natural gas from the onshore fields at 230 mmscfd whereas over 80 per cent of it is used in power generation for industrial use, households and CNG for the vehicles,” he said.

Cperkin, kind of with you both on the GSA but at lest on the 30km spur we have TPDC saying.

·"' The acceleration of production through the initial three wells is strongly supported by the Tanzanian authorities and is based on the following:

o  Commitment by the TPDC to construct a 30 km pipeline as soon as possible to tie the Ntorya gasfield into the existing Madimba processing and pumping station."

I think there's a couple of sticking points, one the closure of SCIR 25% share to ARA. And the Gas sales agreement (price).
And as for the second, the gas pricing, I thought it a little bit of a coincidence that at this time M&P decided to buy out Wentworth, had they been notified of a potential change in pricing, that prompted their action ??

Yes I'm thinking the same , they need a solid gas agreement before drilling and investing £100s of millions, or investing to the point of no return.

So I wonder what's holding it up, negotiations of the terms ot gas sales ? Hoping for news soon.

And if so, there would then be that little thing about sorting out a licence extension that expires in August, which would be needed before they could drill??

So not long then to drill CH-1

Aminex is pleased to announce that the Ruvuma joint venture has received an extension to its licence under the Ruvuma PSA from the Ministry of Energy of Tanzania.

 

The operator, ARA Petroleum Tanzania Limited ("APT") secured the extension, which is valid for two years from 15 August 2021, and allows for the completion of the following:

 

· Acquisition of 200 square kilometres (surface coverage) of 3D seismic data"

· Drilling of the Chikumbi-1 well

· Conclusion of negotiations of the Gas Terms for the Ruvuma PSA."

 

August

https://www.lse.co.uk/rns/AEX/extension-of-ruvuma-licence-ka1n7cuav93u4j5.html3

O dear sorry again that's not right, think I've lost it this morning, I'm going down to split some logs instead, the woodburner is hungry at the moment. : )

Now that puts a different light on it ??

No April sorry,

https://www.lse.co.uk/rns/AEX/ruvuma-licence-extension-granted-dfdvdbo7dvtru40.html

Yes, the license expires in October.
https://www.lse.co.uk/rns/AEX/price-monitoring-extension-z5siil2i3wewofq.html

i do RoJo, dont you?

"In Tanzania EACOP will have its own power generation, with generators available to support a scheme for primary connection to a series of 5 solar farms (90MWp in total capacity) and eventual interconnection to Tanzanian grid."

I'm looking to see if i can find out how much gas would be needed to heat the EACOP pipeline, so i thought i'd start here.

https://eacop.com/overview/

Ruvuma license runs out end of August ?

. (Acquisition of the 3D seismic)... completed.
. (Conclusion of negotiations of the Gas Terms)... completed.

so just the drilling of CH-1 to go. So hopefully, not to much longer now for the news with the golden ticket. : )

(Extension of Ruvuma Licence )

"Aminex is pleased to announce that the Ruvuma joint venture has received an extension to its licence under the Ruvuma PSA from the Ministry of Energy of Tanzania."

"The operator, ARA Petroleum Tanzania Limited ("APT") secured the extension, which is valid for two years from 15 August 2021, and allows for the completion of the following:" ruvuma

· "Acquisition of 200 square kilometres (surface coverage) of 3D seismic data"

· Drilling of the Chikumbi-1 well"

· Conclusion of negotiations of the Gas Terms for the Ruvuma PSA."

That is, considering this from the Tanzanian government, from the November RNS

(Ruvuma Commercial Update)
RNS
 "On 25 November 2022, at the Tanzania Petroleum Development Corporation ("TPDC") headquarters in Dar es Salaam, the parties to the Ruvuma PSA signed an addendum to the PSA ("PSA Addendum"). The Ruvuma PSA, as with all other PSAs in Tanzania, contained profit share, royalty, and taxation rates only for oil production. The PSA Addendum sets out the relevant terms for gas production. 

 

At the event, the Tanzanian Minister of Energy and Managing Director of TPDC outlined the Government's strong commitment to:

· Develop additional gas resources as soon as possible;

· Accelerate Ruvuma's production, which will play a vital role in achieving the country's short to medium-term gas needs; and

· Construct a 30 km pipeline to tie the Ntorya gasfield into the existing Madimba processing and pumping station in the next six to nine months."

When do you think they'll spud then RoJo, next year??

Well I would be extremely surprised if ARA and HE1 used the same drilling rig.