Aminex Plc
In a statement, the London Stock Exchange listed company said it
looks forward to the commencement of gas production and revenues from
Kiliwani North, its new commissioned well.
“The successful conclusion of the well integrity tests and
installation of the wellhead control panel finalises the company’s
preparations prior to the commissioning of the new Songo Songo Island
processing facilities,” the company’s Chief Executive Officer, Jay
Bhattacherjee said.
Aminex’s statement further noted that the final well integrity
testing of the Kiliwani North-1 well was concluded, recording a high
tubing pressure reading relative to the other producing wells on Songo
Songo Island.
“A wellhead control panel has been installed and all work required
by the company prior to gas production will shortly be complete,” the
statement added.
It further noted that TPDC provided a revised work schedule and
informed the Aminex that the commissioning of the Songo Songo Island gas
plant is expected to commence in early April. During the commissioning
programme, the initial production rates will be managed to allow for
testing of the new gas processing facility and related pipelines.
“All KN-1 gas will be sold to the TPDC at wellhead for an agreed
price of approximately US$3.07 per million standard cubic feet and will
ultimately be transported by pipeline to Dar es Salaam, where it will be
sold into the local Tanzanian market,” the statement concluded.
Aminex Public limited company (PLC) is a gas and oil production,
development and exploration company which is premium listed on the
London Stock Exchange and primary-listed on the Irish Stock Exchange.
The Company's focus is its three licences in Tanzania, where it was
one of the first independent oil companies to enter the country in
2002.
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