In a statement, the London Stock Exchange listed company said it looks forward to the commencement of gas production and revenues from Kiliwani North, its new commissioned well.
“The successful conclusion of the well integrity tests and installation of the wellhead control panel finalises the company’s preparations prior to the commissioning of the new Songo Songo Island processing facilities,” the company’s Chief Executive Officer, Jay Bhattacherjee said.
Aminex’s statement further noted that the final well integrity testing of the Kiliwani North-1 well was concluded, recording a high tubing pressure reading relative to the other producing wells on Songo Songo Island.
“A wellhead control panel has been installed and all work required by the company prior to gas production will shortly be complete,” the statement added.
It further noted that TPDC provided a revised work schedule and informed the Aminex that the commissioning of the Songo Songo Island gas plant is expected to commence in early April. During the commissioning programme, the initial production rates will be managed to allow for testing of the new gas processing facility and related pipelines.
“All KN-1 gas will be sold to the TPDC at wellhead for an agreed price of approximately US$3.07 per million standard cubic feet and will ultimately be transported by pipeline to Dar es Salaam, where it will be sold into the local Tanzanian market,” the statement concluded.
Aminex Public limited company (PLC) is a gas and oil production, development and exploration company which is premium listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange.
The Company's focus is its three licences in Tanzania, where it was one of the first independent oil companies to enter the country in 2002.