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