ARA Petroleum is pleased to announce that the Ministry of Energy in Tanzania has granted a 25-year Development Licence over the Ntorya gas discovery area to the Ruvuma joint venture.

“We are delighted to receive this licence from the Ministry of Energy and thank all the Tanzanian agencies involved in achieving this major milestone. We are ready to launch work immediately to bring this onshore development project into production,” said Erhan Saygi, General Manager of ARA Petroleum Tanzania (APT).

APT considers the area to yield a matured unaudited Contingent Resource estimate of 3.45 trillion cubic feet (tcf) of Gas Initially In Place (GIIP), with an mean unrisked GIIP potential of 16.4 tcf and a risked mean potential of 6.9 tcf for the wider Ruvuma JV area.