Ruvuma

Licence Surface Licence Ownership Next Planned Drilling
Ruvuma 12,153km2 Ndovu (Aminex)50% Late 2009
>90% Onshore Tullow Oil50%

  • The Likonde-1 well was spudded on 9 January 2010
  • Near existing discovery and good logistics
  • Four oil prospect so far identified with recoverable reserve potential in excess of 200 mmboe (Pmean) and upside of over 500 mmboe
  • Existing seismic covers only part of the PSA and there is potential for additional prospects in Karoo formations, Neocomian and also Tertiary (as in adjacent Mnazi Bay Field)
  • Intense Exploration activity immediately adjacent to South of licence in Northern Mozambique
  • Evidence for presence of regional oil-prone Jurassic source rock
  • Karoo oil-prone source rock proven by Texaco well drilled in this Licence area in 1992
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