Ruvuma gas acreage a hot property

Fired up: potential bidders for Ruvuma gas

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Steve Marshall

 09 January 2013 14:28 GMT

A planned farm-out of in the Aminex-operated Ruvuma production sharing agreement in Tanzania has attracted “substantial interest”, with a call for bids set to be issued next month, according to partner Solo Oil.

Both multinationals and national oil companies are said to be among the potential bidders circling for a slice of the attractive licence, which hosts the Ntorya-1 gas discovery made last year.

Aminex and Solo are each looking to farm out half of their respective working interests of 75% and 25% in the 6000-square-kilometre block on the Tanzanian border with Mozambique in an area where more than 100 trillion cubic feet of gas has been discovered in recent years.

The partners are looking to produce the Ntorya find via a planned 36-inch diameter pipeline to run through the PSA area to Dar…

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