Scirocco Energy plc said that the 2022 work programme and budget had been approved for the Ruvuma joint venture (JV) in Tanzania.
RUVUMA
The investment company holds a 25% working interest in the licence which is operated by ARA Petroleum Tanzania Ltd (APT).
Approximately 90% of the licence lies onshore with the remainder offshore.
PROGRAMME
The programme is designed to meet all work obligations and advance appraisal and de-risking of the existing gas discovery.
Work will concentrate on 3D seismic acquisition and drilling the Chikumbi-1 well (CH-1).
Mobilisation of seismic team has started and the first phase of the seismic shoot will begin on 15 November 2021.
The second phase of the seismic shoot will be completed during Q1 2022 following the Tanzanian rainy season.
The seismic acquisition and interpretation aims to refine and confirm the exploitable gas resources of the Ntorya field.
The Ch-1 well is expected to be drilled in Q3 2022.
Scirocco’s estimated share of cost, net to its working interest, is US$6.25 million.
GAS RESOURCE
APT’s revised estimates suggest a gross mean risked gas in place (GIIP) for the Ntorya accumulation of 3,024 bcf (8,236 bcf unrisked) in multiple lobes to be tested, and a gross mean risked recoverable gas resource of 1,990 bcf (5,419 bcf unrisked).