Aminex Gets Govt Nod for Tanzanian Farm-In



Tanzanian Ministry of Energy and Minerals has approved Aminex's request to acquire an additional 15% working interest from Key Petroleum in the Nyuni East Songo-Songo production sharing agreement offshore Tanzania. As previously reported, the agreement was subject to only one condition; Aminex is acquiring the additional 15% interest through undertaking to pay 20% of the costs of drilling the Nyuni-2 well, due to be spudded in April this year.

After the farm-in, Aminex, the operator, will have a 65% interest in the Nyuni PSA, held through its wholly-owned subsidiary Ndovu Resources, including existing gas discoveries. Other interests in the Nyuni PSA will be: RAK Gas Commission 25%, Key 5% and Bounty Oil & Gas Pty Ltd. 5%.

continue reading the full article

SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
RELATED COMPANIES