Aminex stated that the development plan is an important step to obtain the development licence and to commercialise the resources from the field appraisal area.
The development plan includes findings from Gas Commercialisation Study conduted by oi oil and gas consulting. As per the report, recent mapping and upgraded unrisked resources indicate that there is a about 1.3 trillion cubic feet (TCF) Pmean GIIP.
The plan outlines several options for monetisation of gas including compressed natural gas, gas to power and to directly connect the gas being produced from the Ntorya field to the Madimba plant in South Eastern Tanzania through a 35km spur line.
Aminex has applied for a staged development of the field to set up an early production system with existing wells.
It also includes a programme that can help in digging new wells based on the demand.
Aminex CEO Jay Bhattacherjee said: “Submission of the Ntorya field Development Plan is a major milestone for the Company as we progress towards unlocking the value across Ntorya and Ruvuma as a whole.
“The Company continues to work on further well plans in order to maximise development of the field and looks forward to updating shareholders in Q4 on the status of the Ntorya-3 well.”
Few days ago, Aminex upgraded its unrisked estimates at the Ntorya field from 466 billion cubic feet (BCF) to 1.3TCF Pmean GIIP. The company drilled to a depth of 1326m in January this year and has planned for a total depth of 2860m.
