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Aminex is an oil and gas exploration, development and production company with a 19 year track-record of fulfilling projects in many areas of the world. Its shares are traded on the Full List of the London Stock Exchange.The company’s principal focus areas are the East African coastal margin of Tanzania and the US onshore Gulf Coast of...Read more
Aminex: Rough seas suspend shallow water survey at NyuniJune 29 2012, 7:37am
The programme involves ocean floor cabling and the programme has in recent weeks experienced downtime due to rough seas, related to seasonal weather. And a decision has been made to suspend the programme until October.
The decision will reduce downtime costs and ensure the quality of the data being gathered. Just over 42 per cent of the survey has so far been completed.
In the meantime Aminex said it is discussing carrying out a conventional seismic programme in the deep-water portion of the Nyuni licence area.
Aminex says the programmes on the transition zone and deep-water area will satisfy and exceed the 800 kilometres of seismic that is required in the production sharing agreement’s initial work period.
The news follows yesterday’s breakthrough result at Aminex’s onshore Ruvuma venture where the Ntorya gas discovery has demonstrated potentially commercial flow rates – peaking at 20.1 million cubic feet per day, as well as producing condensates.