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    Wentworth Delivers First Gas from Mnazi Bay Concession into Tanzania's Transnational Pipeline

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Summary

East Africa focused Wentworth Resources has delivered first gas from Tanzania’s Mnazi Bay concession to country’s new transnational pipeline, the company said Thursday.

by: Shardul

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Asia/Oceania

Wentworth Delivers First Gas from Mnazi Bay Concession into Tanzania's Transnational Pipeline

East Africa focused Wentworth Resources has delivered first gas from Tanzania’s Mnazi Bay concession to country’s new transnational pipeline, the company said Thursday.

"We are very pleased to announce that production from Mnazi Bay has now commenced and the Mnazi Bay joint venture is the first supplier to the new transnational pipeline in Tanzania. Concluding the payment guarantee and starting production in our Mnazi Bay gas fields are pivotal events for Wentworth and underpin the long-term viability of our operations in East Africa and our partnership with Maurel & Prom and TPDC,” Geoff Bury, Managing Director, commented.

Two wells are now producing and the remaining three wells will be put on production in the coming months.

Initial production volumes will be used for commissioning purposes and to fill the pipeline, Wentworth said. 

Production rates are expected to increase to 70 mmscf/d by October 2015 and reach 80 mmscf/d by the end of 2015.

Under the gas sales agreement signed on 12 September 2014, the sale price has been set at $3.00 per million BTU, or around $3.07 per thousand cubic feet, rising in line with the US CPI industrial index.