Page 18 - AfrOil Week 15 2022

AfrOil NEWS IN BRIEF AfrOil

of commercial gas production from the Ntorya
gas-field, scheduled for the end of 2024, at zero
cost to the Company.
Kiliwani North: Aminex considers that any
future drilling on the Kiliwani North Develop-
ment Licence (KNDL) is contingent upon an
improved seismic resolution of the prospective
target structures. The Company has reached
an agreement with Pan African Energy Tanza-
nia (PAET) to utilise their high-resolution 3D
seismic campaign, targeting a mid-year start,
to receive approx. 12.5 sq km of valuable new
high-resolution 3D coverage over KNDL, at no
cost to the Kiliwani North joint venture. PAET
will be acquiring high-resolution 3D seismic
over the adjacent producing Songo Songo field,
“Our local partners have been exploring and increasing energy efficiency in African coun- and the Kiliwani North joint venture will allow
consulting for decades in the region and we tries, leveraging agro-industrial projects in a PAET to partially overlap the KNDL area to ena-
are excited to work with them to advance this sustainable framework, the company said. ble full-fold processing of the new 3D dataset up
opportunity. We look forward to keeping share- Eni’s business model focuses on long-term to the Songo Songo and KNDL boundary.
holders updated with our progress,” Hardy said. value creation for all stakeholders to contribute This coverage, which represents over 40%
Noting that hydrocarbon exploration in to the United Nations Sustainable Development of the critical area of the licence, will enable
Namibia is still in the early stages, with several Goals (SDGs), according to Luigi Ciarrocchi, Aminex to link the new high-resolution 3D data
Karoo Basins across the Southern Trans-Af- CCUS, Forestry and Agro-Feedstock Director to its existing 2D seismic legacy data which cur-
rican Rift and Shear System remaining largely at Eni. “The government of Rwanda is commit- rently covers the KNDL with an irregular seis-
untested, Cloudbreak said it will receive a 10% ted to working with the private sector to ensure mic grid. This should significantly improve both
interest in the Block 1724 licence, if awarded. sustainable development, which is critical for fault resolution and reservoir horizon mapping;
bna/IntelliNews, April 8 2022 present and future generations,” said Clare both considered to be essential to understand the
Akamanzsi, CEO of the Rwanda Development compartmentalised nature of the reservoir.
Eni, Rwanda sign MoU on Board (RDW). The partnership with Eni boosts Nyuni Area: More than two years have
the achievement of this goal. We are hopeful passed since Aminex first notified the Ministry
co-operation in circular that together we will implement tangible actions of Energy to move into the Second Exploration
that will ensure improved quality of life for our Period (SEP) of the Nyuni Area PSA. Despite
economy areas people.” a number of exchanges with the Tanzanian
authorities, the terms for entry into the SEP
bna/IntelliNews, April 11 2022
Eni and the government of Rwanda have have not been agreed. Throughout, Aminex has
signed a memorandum of understanding Aminex provides Tanzania sought an industry partner to progress a work
(MoU) to pursue business opportunities in the programme on Nyuni with no success. Accord-
transition to cleaner and sustainably energies, operations update ingly, the Company has opened discussions with
the Italian oil and gas supermajor said in a press the Tanzanian authorities regarding the return of
release on April 8. Aminex has provided an update on operations the licence to the Ministry of Energy.
The parties have agreed to identify collab- at Ruvuma, Kiliwani North and Nyuni. Oper- Charlie Santos, Executive Chairman of
orative opportunities in the areas of circular ator ARA Petroleum Tanzania reports a target Aminex, commented: “We are pleased that
economy, agriculture, forestry, off-grid energy, spud date for the Chikumbi-1 (CH-1) well in the operational progress continues to be made by the
sustainability, health, safety, innovation and dig- Ruvuma PSA in November 2022. operator on Ruvuma and note the slight change
ital information technology. Ruvuma: In this important year for Aminex, in the spud date for the CH-1 well to November
Under the terms of the MoU, they will focus on the Ruvuma PSA in Tanzania, with the seis- 2022. We look forward to important news on
on evaluating the feasibility of circular economy mic acquisition programme and the drilling Ruvuma over the coming months.
projects, such as collecting used cooking oil and of the Chikumbi-1 (CH-1) well, the Company “In addition, we are delighted that we will
waste oils, waste management valorisation and can advise that operational activities continue have access to new, high-quality seismic data
recycling. to progress under the direction of the operator, over a material portion of the KNDL licence,
Other fields of interest include agriculture, ARA Petroleum Tanzania (APT). Whilst seismic which will be significant in itself but should also
especially bio-feedstock production and the operations continue, APT has further advanced allow us to re-interpret the existing 2D dataset
transformation into decarbonised products. the well planning for the CH-1 well with all long over the remaining portion of the licence.
This is in addition to forestry, especially forest lead items contracts now executed. “Having been unsuccessful in finding a
conservation and the generation of carbon cred- APT reports a target spud date for the joint venture partner for the Nyuni Area PSA,
its through a wide range of initiatives, such as CH-1 well in November 2022. Aminex, with a the return of the licence is the correct move as
reducing carbon dioxide (CO2) emissions from 25% non-operated carried interest, is carried it reduces portfolio risk, preserves our capital
the wood-fuel value chain. throughout the ongoing work programme to a resources and allows the Company to focus
The MoU aligns with Rwanda’s goal to fast- maximum gross capital expenditure of $140mn attention on our other two more significant
track economic development by enabling pri- ($35mn net to Aminex) and is expected to see assets in Tanzania.”
vate sector growth and Eni’s commitment to the Company through to the commencement Aminex, April 8 2022

P18 www. NEWSBASE .com Week 15 13•April•2022