Aminex plc has announced that its Ruvuma joint venture has received an extension to its license under the Ruvuma PSA from the Ministry of Energy of Tanzania. The operator, ARA Petroleum Tanzania (APT) secured the extension, which is valid for two years from August 15, 2021 and allows for the completion of the following:
- Acquisition of 200 sq kms (surface coverage) of 3D seismic data
- Drilling of the Chikumbi-1 well
- Conclusion of negotiations of the Gas Terms for the Ruvuma PSA.
As announced by the company on June 30, 2021 tendering for the acquisition of 3D seismic has been completed and APT awaits approval from the Tanzanian authorities for the issue of the seismic acquisition contract. It is still expected that acquisition will commence in the third quarter of 2021. Drilling of the Chikumbi-1 exploration and appraisal well is expected to commence early in the third quarter of 2022.
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