Key confirms Tanzanian find as commercial
Key Petroleum Ltd.'s Kiliwani North-1 natural gas discovery in Tanzania has been declared a commercial development option.
MELBOURNE, July 23 -- Key Petroleum Ltd.'s Kiliwani North-1 natural gas discovery in Tanzania has been declared a commercial development option.
Flow testing of the well confirms the earlier announcement of a flow of 40 MMcfd.
Perth-based Key adds that there was zero drawdown of bottom hole pressure during the test. This and other pressure data plus laboratory analysis satisfied Key that the well and the field are commercially viable.
The company has a 20% interest in the find.
The company says that the Nyuni block that surrounds the discovery has substantial upside potential including a number of untested leads and prospects in the vicinity.
The potential encompasses prospects in the range of up to 500 bcf of gas in place. Total undiscovered gas in the block could be more than 2 tcf.
Development plans for Kiliwani North-1 include construction of a pipeline to connect with the neighbouring Songo Songo gas field processing plant.
Key added that seismic and drilling data is still need to assess further global growth prospects in the region.