Wentworth Resources Gets First Payment for Gas Delivery in Tanzania

Wentworth Resources has received first payment for that gas delivered to the new transnational pipeline from its assets near Mnazi Bay, Tanzania.

An average of 33 mmscf/day was delivered to the new pipeline during October 2015 and a gross payment of $3.8 million has been received relating to the October 2015 gas deliveries, the company said Wednesday.

Production volumes expected to reach 80 mmscf/day in Q4 2015.

Gas production facilities at Madimba, the Mtwara to Dar es Salaam pipeline and the Kinyerezi gas receiving facility have now been fully commissioned and are operational. Mnazi Bay gas is currently being used to generate power in Dar es Salaam at the existing Ubungo-II and Symbian power plants, as well as at the new Kinyerezi-I power plant.

Three of the five existing gas wells at Mnazi Bay have been successfully brought on-stream with well performance in line with expectations, the  company added.  The fourth well is expected to be tied in during the month of November 2015 and the fifth well is expected to be tied in and ready to produce into the new pipeline in Q1 2016.

Gas sale price has been set at $3.00 per million BTU, rising in line with the US CPI industrial index commencing in 2016.