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DAR ES SALAAM - Tanzania Petroleum Development Corporation (TPDC) has awarded an engineering, procurement and construction contract to China Petroleum (OTC:SNPTY) Pipeline and China Petroleum Technology & Development Corporation for a gas pipeline connecting the Ntorya gas field to the Madimba gas processing plant.
The contract was signed Thursday, according to a press release from Aminex PLC, which holds a 25% non-operated interest in the Ntorya project. Further details about the contract will be announced once received from TPDC.
This development represents a significant step forward for the Ntorya gas field project, following several other milestones achieved over the past 18 months, including the signing of a gas sales agreement, the award of a 25-year development license, and an updated field development plan with revised production figures.
Aminex is carried through the ongoing work program to a maximum gross capital expenditure of $140 million ($35 million net to Aminex), which is expected to cover costs until commercial gas production begins.
The Ntorya Development Licence area is situated adjacent to a region containing major LNG projects that extend from offshore Tanzania into Mozambique waters. The joint venture partners plan to supply gas from Ntorya to Tanzania’s domestic market.
The project aims to contribute to Tanzania’s energy needs and support industrial development in the country, according to the company statement.
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