Aminex Closer to drilling Date on long-awaited Chikumbi-1 field in Tanzania

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I have been following Aminex’s story from the very beginning. 

Here is a quick recap for those of you that might be new to the London-based independent exploration and production company, Aminex story.

In July 2018, Aminex agreed to “farm out” 50% interest of its Ruvuma acreage onshore Tanzania to Zubair Corporation’s associate, Ara Petroleum Tanzania limited.

Under the deal, Aminex assigned the operatorship to Ara Tanzania Petroleum Limited to do the actual drilling of the Chikumbi-1 exploratory well and interpret 3D seismic over 200 km square.

Additionally, on November 6, Aminex announced that its field partner, ARA Petroleum Tanzania Limited, has started establishing a local operation office in Dar es Salaam and already hired managerial personnel to maximize the efficiency in their Tanzania projects.

Furthermore, in its latest announcement, the company says that it has submitted the 2020 Work Programmes and Budgets for all licenses to the Tanzanian authorities for approval.

In March 2020, the company announced that it had received the Mtwara Exploration Licence. As part of the ongoing process to obtain Tanzanian Government approval.

So, Tax Clearance Certificate from Tanzania Revenue Authority (TRA) and the Minister’s approval were the only remaining conditions for completion of the Farm-Out.

On 19 May 2020, Aminex reported receiving a Tax clearance certificate, a legal requirement to enable the Ministry of Energy to approve the Farm-Out.

Robert Ambrose, Chief Executive of Aminex, commented:

 “This is a major milestone. With the receipt of the Tax Clearance Certificate from the TRA and with the onward submission to the TPDC, Aminex has now accomplished all of the conditions within our control to complete the Ruvuma Farm-Out.”

 Aminex Now one Year Away From Drilling Campaign of Chikumbi-1 Well.

 In March 2021, through its operational updates, the company announced its set to drill the long-awaited Chikumbi-1 well in early 2022. The mobilization of the rig and other services planned for the second half of 2021. the Chikumbi-1 well. The well is designed to a total, measured depth of approximately 3,485 meters. It reported that Aminex expects t to bring the Chikumbi-1 well into production and be ready to produce its first gas in 2024.

 

Hussein Boffu runs a consultancy helping elite entrepreneurs reach their goals through actionable business planning. Contact him via email at hussein.boffu@tanzanapetroleum.com or by calling, texting, or WhatsApp at +255(0)655376543.