Scirocco Energy plc announced that the first phase of the 3D seismic project has started on the onshore Ruvuma gas production sharing agreement (PSA) in Tanzania.
FIRST PHASE
The appointed sub-contractor began preparatory works as planned on 15 November ahead of the start of mobilisation next week.
Scirocco expects the survey to begin on 15 December with the first phase to continue until the weather permits. It will restart once the rains have abated in late Q1 2022.
PRIORITY
Chief executive Tom Reynolds said that the first phase represented a critical milestone for the project.
“The further geotechnical knowledge the joint venture will gain from the acquisition of a modern 3D survey over the target area including the Ntorya discovery is a significant step for the joint venture and, tied with the upcoming well, will further define this important Tanzanian gas resource.
“Ruvuma represents a material value catalyst for Scirocco, both in terms of monetisation and operational activity, and will remain a priority until that value has been realised for our shareholders.”
JOINT VENTURE
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.