Otto Energy, Partners Complete Seismic Survey in Tanzania

Otto Energy Ltd and partner Swala Energy have successfully completed a 430 km 2D seismic programme over the Kilombero Basin in central Tanzania.

Otto Energy Tanzania Pty Ltd (a wholly owned subsidiary of Otto) has a 50 percent participating interest in the Kilosa Kilombero licence while Swala Energy’s subsidiary Swala Oil and Gas (Tanzania) Plc, as operator, has the remaining 50 percent stake.  

The joint venture has already identified the Kito Prospect as a potential drilling target for 2015. The new seismic data are currently being processed ahead of detailed interpretation that aims to map additional potential drilling targets for the forthcoming drilling campaign. The joint venture will carry out basin modelling and seismic amplitude studies to help rank the prospect portfolio ahead of these planned drilling activities.

Matthew Allen, Otto’s CEO said: “The work programme of the joint venture in the Kilosa-Kilombero licence has been executed in line with the work programme commitments to TPDC, in an area that had not previously seen any oil or gas exploration activity. We look forward to the results of the detailed mapping, basin modelling and seismic amplitude studies to support the final drill candidate selection.”