Aminex spuds Ntorya-1 well in Ruvuma Basin
Aminex (LON:AEX) has spudded the Ntorya-1 well in the Ruvuma Basin onshore in Tanzania.
The firm added the well is located 14 kilometres south of the Likonde-1 well, drilled in 2010, which proved the presence of an active petroleum system.
Ntorya-1 will target the same high quality Basal Tertiary and Upper Cretaceous sands encountered at Likonde-1.
Aminex estimates that the Ntorya Prospect has a probability of success of around 20%, with mean recoverable resource potential of 100 million barrels of oil equivalent.
Ntorya-1 will be drilled as a vertical well to a planned total depth of 2026m and is expected to reach the main target in around 30 days from spud.
Aminex subsidiary Ndovu Resources owns 56.25% of the prospect and is the well operator. Tullow (LON:TLW), with 25%, and Solo Oil (LON:SOLO) 18.75% are partners in the project.
The Ruvuma Basin has become extremely active for the oil and gas industry in recent years.
Anadarko (NYSE:APC) of the US with partner Cove Energy (LON:COV) have drilled several successful deep water gas wells offshore in the Mozambique sector of the basin.
BG (LON:BG) and partner Ophir Energy (LON:OPHR) also made an offshore gas discovery in the Tanzanian sector this year, in a licence which adjoins Ruvuma.
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