West Songo Songo
Licence Surface Licence Ownership West Songo Songo 507 km2
Ndovu (Aminex) 50% Key Petroleum 50%(Operator)
- On 2 June 2008, Aminex was awarded the West Songo Songo Production Sharing Agreement in Tanzania.
- This offshore PSA is adjacent to the western boundary of the producing Song Songo gas field and close to Aminex's recent gas discovery at Kiliwani North, recently tested.
- The new PSA is held 50% by Ndovu Resources Ltd., an Aminex wholly-owned subsidiary, and 50% by Funguo Petroleum Ltd., a wholly-owned subsidiary of Key Petroleum of Australia ("Key"). Key, and existing 20% joint-venture partner with Aminex in the nearby Nyuni PSA which includes the Kiliwani North discovery, has been nominated operator of the new PSA for West Songo-Songo.
- West Songo-Songo benefits from comprehensive, existing seismic coverage and is considered by Aminex to have a high potential for the discovery of commercial quantities of hydrocarbons.
- The full PSA term is for eleven years and there is an obligation to drill one firm well in a first three year period.