Information  X 
Enter a valid email address

Scirocco Energy PLC (SCIR)


Friday 22 October, 2021

Scirocco Energy PLC

Tanzania Operations Update

RNS Number : 9574P
Scirocco Energy PLC
22 October 2021

22 October 2021

Scirocco Energy plc

("Scirocco Energy" or "the Company")

Tanzania Operations Update

Scirocco Energy (AIM:SCIR), the AIM investing company  targeting attractive assets within the European sustainable energy and circular economy markets, is pleased to provide the following update on the operational activities in the Ruvuma PSA, where Scirocco Energy owns a legacy position of 25%.

The Ruvuma JV has approved the 2022 work programme and budget, which is designed to meet all work obligations under the terms of the licence extension, previously announced on 18 August 2021, and further advance the appraisal and de-risking of the existing gas discovery on the licence.

The work programme will concentrate on shooting 3D seismic on the licence area and drilling the Chikumbi-1 well (CH-1) and Scirocco's estimated share of cost, net to its working interest, is US$6.25 million.

ARA Petroleum Tanzania Limited ("APT") has confirmed, further to the award of the seismic acquisition contract announced on 24 September 2021, that mobilisation of seismic team has commenced and the first phase of the seismic shoot will begin on 15 November 2021. The team will complete the second phase of the seismic shoot in Q1 2022 after the Tanzanian rainy season.

The JV then plans to drill the CH-1 well in Q3 2022.

The seismic acquisition and subsequent interpretation will seek to refine and confirm the exploitable gas resources of the Ntorya field.  As previously announced, through a re-interpretation of the existing 2D seismic dataset, APT's revised mapping and internal management estimates suggest a gross, mean risked gas in place ("GIIP") for the Ntorya accumulation of 3,024 Bcf (8,236 Bcf unrisked), in multiple lobes to be tested and a gross, mean risked recoverable gas resource of 1,990 Bcf (5,419 Bcf unrisked).


Tom Reynolds, CEO at Scirocco Energy comments: "This is a positive update for the Ruvuma JV partners, following the recent award of the licence extension and the award of the seismic acquisition contract. This further demonstrates the quality of the operator and the significant progress made on the licence by the JV partners as we enter a key period of activity."


This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European (Withdrawal) Act 2018.


For further information:

Scirocco Energy plc

Tom Reynolds, CEO

Doug Rycroft, COO

+44 (0) 20 7466 5000


Strand Hanson Limited, Nominated Adviser

James Spinney / Ritchie Balmer / Rory Murphy


+44 (0) 20 7409 3494



WH Ireland Limited, Broker

Harry Ansell / Katy Mitchell  


+44 (0) 207 220 1666



Buchanan, Financial PR

Ben Romney / Jon Krinks / James Husband



+44 (0) 20 7466 5000




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t