Solo: Killiwani North hook-up imminent

Solo Oil has announced the operator of the Kiliwani North (“KN”) gas field offshore Tanzania, Aminex, has advised that the newly constructed gas export pipeline from the Songo Songo processing plant to the KN-1 gas well has been completed to within approximately 20 metres from the KN-1 production well-head.

The KN-1 well, when connected to the export pipeline, is expected to produce at least 20 million cubic feet per day.

Solo announced on 3 February 2014 that it has signed the Asset Purchase Agreement with Aminex plc (“Aminex”) for the first 6.5% interest in the Kiliwani North Development Licence (“KNDL”). Solo has the option to purchase an additional 6.5% interest, during a period of 30 days after the Gas Sales Agreement (“GSA”) has been approved by the Tanzanian Authorities.

Neil Ritson, Solo’s Chairman, said: “As we reach the point of gas commercialisation we are naturally tracking the process very closely and shortly expect to see final hook-up and pressure testing get underway. With the imminent hook-up we also remain extremely confident that the GSA will be signed in time to commence exports of gas from the field as soon as the facilities are complete.”