Solo Oil leaps on latest discoveries

Solo Oil has reported that following the first independent evaluation of the hydrocarbon potential of the Ruvuma PSA, the total mean unrisked gas-initially-in-place at Ntorya is 1.17trn cubic feet, of which 178bn cubic feet (bcf) is discovered.

Solo Oil has reported that following the first independent evaluation of the hydrocarbon potential of the Ruvuma PSA, the total mean unrisked gas-initially-in-place at Ntorya is 1.17trn cubic feet, of which 178bn cubic feet (bcf) is discovered.

This, the firm said, highlights the "outstanding potential" of this under-explored onshore and near-shore portion of the Ruvuma Basin, a basin which has recently been highly successful in the deepwater offshore in both Tanzania and Mozambique.

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