Scirocco provides update on Tanzania's Ruvuma PSA
London-listed Scirocco Energy said in an April 8 operations update that preparations had begun on the Chikumbi-1 well at the Ruvuma production sharing contract in Tanzania.
The well is expected to be spudded in November 2022, with all of its "long-lead items contracts" now finalised.
Scirocco owns a 25% non-operated interest in the Ruvuma PSA but it is preparing to offload its stake in the project, which is operated by ARA Petroleum Tanzania with 5o% interest. Another London-listed explorer, Aminex, has the remaining 25% interest.
A 338-km2 seismic campaign to map out Ruvuma's geology has also progressed and APT now says the target Ntorya accumulation could contain 3 bn ft3 of in-place gas, of which 2bn ft3 is thought to be recoverable. Scirocco said the estimates "considerably" surpassed the initial resources assessment.