Solo Oil leaps on latest discoveries

published 2 July 2012

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.

In addition, there is a potentially large lead up-dip at the site, which is estimated to be around 2.62trn cubic feet.