REG - Aminex PLC - Ntorya Operations Update

AminexAnnouncement

17/07/2025 12:00

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RNS Number : 5111R  Aminex PLC  17 July 2025

17 July 2025

 

Aminex plc

 ("Aminex" or "the Company")

 

Ntorya Operations Update

 

Aminex, the oil and gas exploration and development company focused on
Tanzania, is pleased to announce the following operations update on the Ntorya
development:

·    At the end of last week, the Tanzania Petroleum Development
Corporation (TPDC) formally notified the operator of the Ntorya development
(ARA Petroleum Tanzania Limited (APT)) that construction of the pipeline from
the Ntorya gas field to the Madimba gas processing plant (the Pipeline) shall
commence in July 2025 and is scheduled to be completed and commissioned by the
end of July 2026. The Ntorya-2 well will provide gas once the Pipeline is
commissioned.

 

·    Earlier this week, APT presented a tender strategy to the Petroleum
Upstream Regulatory Authority (PURA) for contracting a rig to drill the
Chikumbi-1 well and perform a workover on the Ntorya-1 well, along with all
related services. PURA requested this strategy to expedite the tendering
process. Once APT receives approval from PURA, it will immediately issue the
rig tender and tenders for other necessary services, expecting to do so no
later than mid-August 2025.

Charles Santos, Executive Chairman of Aminex commented:

"We are delighted that work on the pipeline will commence this month, marking
the start of the construction phase of the Ntorya Gas Development. With a plan
to complete the Pipeline by July 2026 and expectation of starting a rig tender
process very soon, the project is well on its way to producing first gas next
year.

We are grateful to the TPDC, PURA and other agencies, which have backed the
Government of Tanzania's strong commitment to our project with their hard
work. And we thank APT as the operator for managing the dynamic work streams
to reach this milestone.

As the discoverer of the Ntorya Gas Field and founding partner in the
development, we have long believed the project will be a gamechanger for
Tanzania's energy landscape. Gas from the first phase of development will be
staying in Tanzania to help power homes, boost industrial development and the
regional economy and replace dirtier fuels such as coal and charcoal. This has
long been our vision and now we are very excited to be so much closer to
realising that vision."

 For further information:

 Aminex PLC                            +44 203 355 9909
 Charles Santos, Executive Chairman

 Knights Media & Public Relations      +44 203 653 0200
 Jason Knights, Sabina Zawadzki

 Davy                                  +353 1 679 6363
 Brian Garrahy

 Shard Capital                         +44 20 7186 9952
 Damon Heath

 

Notes to Editors:

The Ntorya Development Licence area lies adjacent to a region containing
supergiant world-class LNG projects, extending from offshore Tanzania into
Mozambique waters to the south. The JV partners intend to produce Ntorya gas
into the growing domestic gas market, helping to alleviate energy poverty and
boost the energy transition in Tanzania.

Aminex, with a 25% non-operated interest, is carried throughout the ongoing
work programme to a maximum gross capital expenditure of $140 million ($35
million net to Aminex). The carry is expected to see the Company through to
the commencement of commercial gas production from the Ntorya field at zero
cost to the Company.

 

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