Aminex has produced first gas from its Kiliwani North gas field located in Tanzania.
The licence is operated by the company’s wholly-owned subsidiary with a 55.575% working interest.
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Initial production commenced from the Kiliwani North-1 well (KN-1), which is connected to the regional pipeline infrastructure and will deliver gas to the new adjacent Songo Songo processing plant.
The well tested at 40 mmcfd.
Production from the field is expected to increase to 25-30 mmcfd over the next 90-100 days.
All gas produced will be paid for under the terms of an agreement signed recently with Tanzania Petroleum Development (TPDC).
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By GlobalDataAminex CEO Jay Bhattacherjee said: "First gas at Kiliwani North marks the transition of the company from developer to producer in Africa and sets us on the path for growth as we begin to generate cash.
"The company looks forward to its exciting appraisal and development programme in the Ruvuma Basin, which will potentially add further revenues in due course."
Aminex and TPDC plan to carry out a well test during the production build up in order to determine the optimal flow rate, which will become the commercial production rate.
The gas will be sold at the well head and fed directly into the Tanzania’s new pipeline infrastructure to Dar es Salaam.
Separately, Aminex has signed an agreement to sell a 3.825% interest in Kiliwani North Development Licence to Solo Oil for $2.16m.
Upon receiving the full consideration, Solo’s interest in the development will increase from its existing 6.175% to a 10% interest.
