Aminex Africa-focused oil and gas exploration and Production Company with two operated discoveries in Tanzania, has announced that the Tanzania Petroleum Development Corporation (TPDC) has notified the Company of its plan to acquire a 5% working interest in the Kiliwani North Development Licence (KNDL) and will become a full working interest partner going forward. Under the terms of the Nyuni East Songo-Songo Production Sharing Agreement which governs the KNDL, TPDC has the right to acquire a 5%working interest and it is this right which is now being exercised. The assignment of this working interest will be subject to TPDC reimbursing the Joint Venture Partners with TPDC’s proportionate share of development capital expenditure on the licence to date as well as becoming a party to the KNDL Joint Operating Agreement.  

Once concluded, Aminex’s interest in the KNDL which was 58.5%will become 55.575%. The KNDL covers the Kiliwani North gas field which the Company anticipates to produce initially at up to approx. 30 mmcfd.  Production from Kiliwani North will be a substantial milestone for Aminex.  The KN-1 well has now been tied into the main pipeline infrastructure and is awaiting completion of the adjacent Songo Songo processing plant.  The Company has been advised that this will be completed shortly and commissioning gas is to be produced thereafter. 

Terms have been largely completed for some time and the Company is waiting for final payment protection terms to enable the Gas Sales Agreement (GSA) to be signed.  The Company will continue to keep shareholders informed on progress.  “We are pleased and encouraged to welcome TPDC as a working interest partner in Kiliwani North.  By exercising this option, TPDC confirms the importance to Tanzania of gas from the Kiliwani North project and aligns its interests with those of the joint venture partners.” Aminex CEO, Jay Bhattacherjee, told Energy-pedia.