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."
 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  CNOOC Commences Production from Enping... (Jan 18)
 -  Statoil Granted Drilling Permit for We... (Jan 18)
 -  Gazprom Chairman, Moldova President Di... (Jan 18)
 -  Eni: Oil, Gas Discovery in Norwegian S... (Jan 17)
 -  Tullow Finds Oil in Kenyan Erut-1 Well (Jan 17)


Most Popular Articles

From the Career Center
Jobs that may interest you
Drilling Engineer
Expertise: Drilling Engineering
Location: Tulsa, OK
 
3rd, 2nd, Chief Engineer Marshall Islands
Expertise: Motorman
Location: Houma, LA
 
Floorhand (Drillship)
Expertise: Derrickman
Location: Houma, LA
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours