Wentworth Resources announced the results of an independent technical evaluation of the Rovuma Onshore License in Mozambique and the Mnazi Bay Concession in Tanzania , carried out by RPS Energy, Calgary, Canada.
The Rovuma Onshore License partners have committed to a two-well exploratory drilling programme set to begin in Q2 2014, with an option to drill a third exploration well. The partners in the Mnazi Bay Concession are in advanced negotiations on a gas sales agreement that will commercialize gas via the Mnazi Bay to Dar es Salaam pipeline that is currently under construction by third party contractors for the government of Tanzania.
Headline results:
Rovuma Onshore License, Mozambique
Under All Prospects as Gas Scenario
Under Tembo Prospect Oil Scenario
Mnazi Bay PSA, Tanzania
Net mean contingent gas resources maintained at 266 Bscf while net mean prospective (unrisked) gas resources decreased from 823 Bscf to 637 Bscf due to the uncommercial hydrocarbons encountered in the Ziwani-1 well in 2012
Wentworth Managing Director, Geoff Bury , commented: “Receiving a significant gas resources upgrade for our Onshore Rovuma License area and the fact that we now have an oil prospect to drill in Mozambique in Q2 2014 is highly encouraging. We are entering into a potentially transformational 15 month period for the Company. At least two Anadarko operated exploration wells will be drilled in Mozambique, which could offer significant upside to shareholders. In addition, first gas delivery into the new pipeline in Tanzania is expected in early 2015 increasing estimated gross gas production to 80 mmcf/day, a 40-fold increase over current production.”
Partners in the Rovuma Onshore License are:
[mappress] LNG World News Staff, October 01, 2013