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Aminex kicks off new Kiliwani North work programme

The work programme is expected to complete in the fourth quarter and, thereafter, it is expected that the well will be returned to full time production

oil and gas operations
The aim is to reactivate and enhance the Kiliwani North well

Aminex PLC (LON:AEX) has announced it has kicked off remediation work for the Kiliwani North well.

The work, to tackle rising pressure in the well, will initially see the company repair a faulty valve which will allow gas to flow, and will also enable the evaluation of operational parameters of both the reservoir and gas processing facility.

It also intends to take the opportunity to perforate a deeper and previously untested, potentially gas-bearing section.

READ: Aminex looks ahead to next Tanzania well

The work programme is expected to complete in the fourth quarter and, thereafter, it is expected that the well will be returned to full-time production.

Additionally, Aminex told investors that it has identified prospective areas within the Kiliwani North and Nyuni Area concessions which will be the subject of new seismic data acquisition, with plans to acquire some 275 kilometres of 3D seismic.

The aim is to identify undrained compartments of the Kiliwani North structure and to high-grade the Kiliwani South prospect to ‘drill-ready’ status.

"The company believes that, given the significant production surrounding Songo Songo Island and the geological properties identified in Kiliwani North, there remain significant opportunities to pursue additional development of the Kiliwani North Development Licence as the commercial terms are already in place,"  said Jay Bhattacherjee, Aminex chief executive.

Kiliwani South has previously been estimated to host a possible 57bn cubic feet of in-place gas.

In early morning trading, Aminex shares were 1.2% lower at 2.02p.

 -- Adds share price --

Quick facts: Aminex PLC

Price: 0.984 GBX

LSE:AEX
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Market Cap: £37.1 m
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