$12,000,000
Tanzania Kiliwani North Development
Scirocco Energy wishes to farm-out its Tanzanian portfolio. The company holds 8.39% WI on the Kiliwani North Development licence situated on Songo Songo island. The licence holds the Kiliwani North Field drilled by the Kiliwani North-1 (KN-1) well, that has produced c. 6.4 BCF to date and is currently suspended. CPR by RPS Energy estimates gross 2P gas reserves of 1.94 BCF and Pmean GIIP of 30.8 BCF. Work programme includes remedial work at KN-1 and development.
Details
Asset Name
: Kiliwani North Development
Ref
: AF-TZA-KND
Continent
: Africa
Country
: Tanzania
Location
: Onshore, Offshore
Project Phase
: Production
Latitude
: -8.5020
Longitude
: 39.5009
License Expiry
: 2036
Operator
: Aminex
Other partners
: Scirocco Energy
Farmout company
: Scirocco Energy
Mandated Agent
: None
Work Programmes
: Production
Back Costs
: $1m - $10m
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $12,000,000