Aminex Prepares to Drill on Nyuni License Offshore Tanzania
Aminex recently launched a world-wide farm out initiative for the Nyuni license which has attracted strong industry interest and detailed negotiations are currently in progress with several parties. Whatever the results of the farm out initiative, Aminex plans to retain a substantial interest in this large and prospective block. The two structures to be drilled later this year, individually known as Nyuni and Okuza, are among six so far identified on this 2,600 square kilometer license, which stretches from Tanzania's Indian Ocean shoreline eastwards across the continental shelf and into deep water. Seismic has so far only been shot over about one third of the license area. Activity in Tanzania has stepped up considerably since the acquisition of Tanzoil earlier this year. In particular, it has recently been announced that Shell has been awarded four offshore exploration licenses to the north of Nyuni. The company is currently in negotiations with Tanzania Petroleum Development Corporation to convert our Technical Evaluation Agreement on the Ruvuma license, close to the border with Mozambique, to a full Production Sharing Agreement.
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