Bidders gets more time for Ruvuma

Popular acreage: Aminex has extended the bidding period for the farm-out of its Ruvuma Block in Tanzania at the request of several interested parties

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Danica Newnham

 29 January 2013 08:18 GMT

UK-listed Aminex has extended the bidding period for the planned farm-out of its Ruvuma production sharing agreement onshore Tanzania.

The East Africa-focused company said it made the extension at the request of several interested parties which had already visited the data room.

Aminex said at the start of this month it had received “substantial interest” from both multinationals and national oil companies for a stake in the 6000-square kilometre licence, which contains the Ntorya-1 gas and condensate discovery made last year.

Bids were initially set to be made by 8 February but the bidding process is now likely to be completed in March.

“We are very pleased with the strong interest shown in…

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