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Aminex advances plans for next Tanzania well as it awaits farm-out close

It is working towards the drilling of the Chikumbi-1 well along with new seismic exploration programmes.
oil and gas operations
The farm-out is set to be finalised after a vote in early 2019

Aminex plc (LON:AEX) has highlighted the operational progress being seen in Tanzania whilst it works to complete its farm-out transaction with the Zubair Group.

The transaction is due to be voted on at a shareholder meeting on 4 January.

In the meantime, Aminex has finalised the anticipated programme for the planned Chikumbi-1 at the Ruvuma project and it has selected the contractors for the work. It has entered into a rig sharing agreement with Heritage Oil, for each company to reduce mobilization and demobilization costs.

READ: Aminex making “good progress” on Ruvuma farm-out deal

Aminex has also put together plans for a 3D seismic programme which will cover some 220 square kilometres over the Ntorya development area.

Chikumbi-1 will be located about 4 kilometres from the successful Ntorya-2 well, drilled in 2017, and, it will be drilled down to a depth of 3,485 metres. If it proves successful, it is expected to be completed as a future producer, in the Ntorya development.

The well has two objectives – to expand and delineate the Ntorya project, and, to test a deeper, Late Jurassic exploration target.

Kiliwani North

Aminex also updated on the Kiliwani North asset, where a recent remedial programme on the project’s producing well provided the opportunity for further analysis. Sclumberger fully opened the well.

The company believes there is a fluid column in the well and it is analysing the operational and testing data.

It added that it has identified areas for a proposed 3D seismic programme, which would aim to identify low-cost drilling prospects, which may be monetised by being tied into the existing facilities.

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