Solo Oil has revealed in a statement that is assets in Tanzania represent its most important investments and their further development is being actively pursued. Petroleumafrica reports

The company which has a 25% stake in the Ruvuma PSA and acquired a 6.5% interest in the Kiliwani North Development License in February 2015, with an alternative to purchase an additional 6.5% interest within 30 days of the signature of a gas sales agreement for the produced gas from the Kiliwani North Development License’s key asset in the Ruvuma PSA is the Ntorya gas-condensate discovery, estimated to contain a gross 158 Bcf of proven gas in place.

The partners on the Ruvuma PSA are however planning to drill at least one appraisal well in order to firm up these resource volumes and to commence gas sales negotiations. 

Two appraisal well locations have currently been selected and final rig selection and associated contract discussions have commenced. It is expected that the first of these wells could be spud in late Q4 or Q1of 2016.

The Kiliwani North-1 well in the Kiliwani North Development License was drilled by Aminex and its partners in 2008 and discovered gas in a 196ft column in the Lower Cretaceous.

Based on well test results Kiliwani North-1 is estimated to be flowed at a rate of up to 30 Mmcf/d once on-stream. Meanwhile, negotiations have continued with the Tanzanian authorities on payment guarantees under the General Services Administration (GSA)  and whilst the GSA remains unsigned major progresses has been made and another operator in the area has now signed a GSA with appropriate guarantees. In the interim the commissioning of the tie-in to the SongoSongo gas plant has progressed and once the GSA is signed physical gas can be flowed from KN-1.