Wentworth Updates Tanzania Ops Ahead of AGM

Tuesday, June 15, 2021

Wentworth Resources, the independent, Tanzania-focused natural gas production company, provided an operational update ahead of its Annual General Meeting (AGM) to be held today, June 15.

Highlights – 2021 Operations and Outlook

• Strong in-country natural gas demand in H1 2021 enabling an increase in annual average production guidance for 2021 to 70-80 MMscf/day (gross) from 65-75 MMscf/day (gross)
• Wentworth and Mnazi Bay JV Partners supply 50% of natural gas production in Tanzania
• Average daily production year to date of 80.3 MMscf/day (gross), compared with 58.1 MMscf/day (gross) during the same period in 2020
• Field production record for monthly average daily production of 101.85 MMscf/day (gross) in March 2021
• Field production record for daily production rate of 110.65 MMscf/day (gross)

The Mnazi Bay JV Partners have continued to deliver on the 2021 work program, which is focused on ensuring reliability of supply. This work program includes:

• Maintenance on MS-1X well including casing and flowline valve replacement
• Refurbishment of the MB-1 well site superstructure
• Calibration of flowmeters at Gas Processing Facility
• Upgrade to the field’s Supervisory Control and Data Acquisition system (SCADA)
• Pre-Front End Engineering and Design (FEED) Study on compression

Katherine Roe, CEO, commented: “Building on from the successes of last year despite the challenging macroeconomic environment, the first half of 2021 has demonstrated the ongoing resilience and the strength of the fundamentals of our business.

“We are delighted to be revising our 2021 production guidance upwards following higher than expected demand in H1 of this year alongside seeing a new record for monthly average daily production of 101.85 MMscf in March. This increased demand is in part due to a recovery in industrial demand from the impacts of COVID-19 and in part due to lower rainfall in the catchment areas of the hydroelectric dams.  Our gas provides 50% of Tanzanian natural gas power generation demonstrating our critical role in facilitating sustainable energy growth in the country today and going forward.

“The Board and I are delighted to be in the final stages of appointing a new independent non-executive director with regional expertise to demonstrate our ongoing commitment to and investment in Tanzania. It’s an exciting time for the country as it looks to accelerate its growth following the global pandemic. We are committed to being a valuable partner in the next phase of its growth story.”

More information including Financials and Sustainability can be found on the Wentworth website.

« GO BACK

You may also like

" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">

First LNG Realized at the Greater Tortue Ahmeyim Project

" alt="United Energy Acquires Western Desert Producer APEX">

United Energy Acquires Western Desert Producer APEX

" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">

Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG

" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">

ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System

" alt="Tullow Highlights 2025 Operational Plans in Ghana">

Tullow Highlights 2025 Operational Plans in Ghana

" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">

TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years

" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">

Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession

" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">

Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market