Aminex to share cost of double well drilling programme

EXPLORATION company Aminex is to share the €10m plus cost of a double well drilling programme in Tanzania with the Romanian state oil company while keeping a 70% interest in the project.

And despite delays to the project caused by the privatisation of the Petrom, the Romanian state oil company, Aminex is to drill two wells in the Nyuni licence using Petrom subsidiary Petromar’s Orion type jack-up rig Atlas.

Details of the farm out deal of the Nyuni licence were disclosed when Aminex published its preliminary results for the year ending December 2002. The drilling location adjoins the trillion cubic feet Songo gas field, which is part of the internationally financed Songas project to bring gas via a 230 kilometre pipeline to Dar es Salaam, to which the Nyuni licence has rights of access.