Solo Confirms Presence of Gas Resources at Tanzanian Assets
Junior energy firm Solo Oil has confirmed the presence of gas resources at its Kiliwani North Development License (KNDL) and Ruvuma Petroleum Sharing Contract (PSC) assets in Tanzania.
A technical evaluation by Senergy found 44 billion cubic feet of gross mean gas at KNDL, where Solo holds a 6.5 percent working interest, and 153 Bcf of gross mean gas at Ruvuma’s Ntorya-1 discovery. Following Senergy’s report, which attributed a total of 3 trillion cubic feet of gross mean gas at the Ntorya Updip, Namisange, Likonde Updip and Sudi projects, these four zones were all high graded to drillable targets.
Solo Oil Chairman Neil Ritson commented in a company statement:
"We are extremely pleased that an independent analysis of our various Tanzanian assets has again confirmed the presence of contingent gas resources in both Kiliwani North and Ntorya, along with considerable upside. We look forward to the commencement of gas sales at Kiliwani and to the announcement of further plans to appraise the Ntorya gas condensate discovery. Tanzania represents a major part of our portfolio and we are excited by the potential it represents."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
- These Factors Helped Brent Oil Price Break Above $85
- Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
- Imperial Pipeline in Winnipeg Goes Offline for Three Months
- Gaz System to Acquire Gas Storage Poland
- Subsea7 Secures Contract to Service Woodside's Trion
- Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE
- EIA Boosts USA Crude Oil Production Forecasts
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension