Scirocco Energy PLC (AIM:SCIR) said an upcoming 3D seismic programme at Kiliwani North should help its attempts to sell its stake in the Tanzanian gas field.
African Geophysical Services has been appointed to carry out the seismic programme, with operator Orca aiming for the work to be finished by the year-end and before bad weather sets in.
The resulting data, which will be acquired at no extra cost to Scirocco, will help identify fault trends, improve reservoir definition and enhance understanding of the Tanzanian structures.
"This should support the company in exploring options to divest or otherwise realise value from the asset as it pivots to investments in sustainable energy and the circular economy," Tom Reynolds, Scirocco chief executive, added.
Scirocco holds a legacy 8.39% non-operated working interest.in Kiliwani North.