Despite the recent low oil price, the East African oil and gas industry is still hot! Here are the inside story and drilling updates in East Africa.
1. Great Expectation: Aminex On Its Way To Drill In Tanzania
London based Independent exploration and production company reports positivity with its Tanzania operation.
In its latest shareholders updates, the company says that the positive signs in its Tanzanian assets reflect progress with projects.
“While we continue to engage in constructive dialogue, Aminex and APT are working diligently to progress workflows such that when the approvals are given, we can move quickly into an operational phase and deliver first gas from Notrya and begin remediation Work on Kiliwani,”
“ As yet, no formal update has been received from the Government of Tanzania in regard to our licenses, however, we have had positive indication in-country that the government is approaching a place where it can update the international oil companies”- Says Tom Mackey, Aminex chief executive.
As said in our last update, the year 2019 was a big one for Aminex PLC. It already secured a drilling contractor to drill Chikumbi-1 well. It signed a farm-out deal with Zubair Corporation’s associate, Ara Petroleum Tanzania limited. The company will not only benefit from financial input, but also from the experience of personnel of Ara Petroleum Tanzania Limited. The company also submitted its 2020 working program to the Tanzanian authority.
So, we are keeping a close eye over the coming months for announcements from the company confirming the permitting and contracting process is on track.
- SAIPEM 12000 drilling Ship to Drill Six Subsea Wells In Mozambique.
Mozambique is leading gas developments in Sub-Saharan Africa.
In a recent interview, Guido Brusco, EVP, West Africa, of Italy’s Eni, told the global business report that
“In, Mozambique we already made the final investment decision for a floating LNG platform at Coral South, where 50% of the construction is already complete and the project is well on schedule to start production in2022. The Saipem1200 drilling ship is already in the country to drill six subsea wells that will feed the facility”
Read also Oil and Gas Potential In Mozambique
As the region seeks to meet the ever-growing need for power, suffice to say the opportunities are immense across the East African oil and as a value chain.