Page 7 - LatAmOil Week 50 2020

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The initial attack led the Mozambican armed Beetaloo shale play.
forces to send reinforcements to the area, and The privately owned developer said on
these soldiers succeeded with air support from December 10 that the all-scrip deal would see
Dyck Advisory Group, a private South African Longview receive a 29.95% equity stake in Tamb-
security firm. oran as well as the ability to appoint a non-execu-
Since Mute is only around 20 km away from tive director to the former company’s board.
the site where Total (France) is constructing Tamboran added that it expected to secure
a liquefaction plant for the Mozambique LNG regulatory approval in early 2021 and once the
project, the incident has raised questions about deal closed it would wholly own and operate
how to safeguard ports and other infrastructure exploration permits (EPs) 136, 143 and 197(A).
that are providing support for the development It described the acquisition of the new licences
of offshore natural gas fields. as “highly strategic”, significantly expanding its
ASWJ has reportedly stepped up its offensive presence in the Beetaloo sub-basin beyond its
campaign in Cabo Delgado in recent weeks, and current 25% working interest in Santos’s EP 161.
some observers believe more attacks are likely in The company also said the deal would allow
the short term. it to become an operator in the basin once again, Tamboran says
In related news, one of Mozambique’s domes- after Santos farmed into EP 161 in 2012. The
tic gas-to-power schemes appears to be making junior said the Sweetpea acquisition not only the Sweetpea
headway, as UK-based Globeleq and its partners consolidated the company’s Beetaloo Basin
in the Central Termica de Temane (CTT) pro- focus, where it “has developed in-depth techni- acquisition
ject have secured up to $250mn worth of debt cal knowledge”, but it also provides for significant
funding. “reserve growth”. consolidates its
The US International Development Finance Tamboran said: “EP136 sits adjacent to EP161 Beetaloo basin
Corporation (DFC) has pledged to provide up and, in combination, [they] cover the portion of
to $200mn for the project, which envisions the the Beetaloo sub-basin with the thickest and focus and also
construction of a thermal power plant (TPP) highest quality shales as delineated by seismic
and associated transmission infrastructure in and intersection by wells drilled to date.” provides for
Temane, while the OPEC Fund for International At the start of the month, Tamboran said that
Development will make up to $50mn available. EP136 held the potential to turn the company significant growth
When finished, the TPP will have a generat- into a major developer of shale gas for the East in reserves
ing capacity of 450 MW. It will burn gas from the Coast market. The company cited the flow test
Pande-Temane Inhassoro fields, which are being results from EP161’s Tanumbirini-1, the first
developed by South Africa’s Sasol. vertical well drilled on the block.
The developer said in October that the
If you’d like to read more about the key events shaping Tanumbirini-1 well had achieved an average
Africa’s oil and gas sector then please click here for flow rate of 2.3 mmcf (65,000 cubic metres) per
NewsBase’s AfrOil Monitor. day during the first 90 hours of testing follow-
ing a more than 160-day shut-in.It added that
AsianOil: Acquisition in Australia Tanumbirini-1’s flow results suggest that a single
Australian junior Tamboran Resources has well in the core Beetaloo could produce in excess
agreed to acquire Longview Petroleum’s 100% of 10 mmcf (283,000 cubic metres) per day and
stake in Sweetpea Petroleum, securing control of a total of more than 10 bcf (283.2 mcm) over its
exploration acreage in the Northern Territory’s whole lifespan.

Week 50 17•December•2020 www. NEWSBASE .com P7