Tender Details

Country: Tanzania
Summary: Acquisition of Working Interest in Tanzanian Gas Development Project
TZT Ref No: 67737609
Deadline: 24 Jun 2022
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.:
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Description:
Tenders are invited for Acquisition of 25% Working Interest in Tanzanian Gas Development Project Creating Tanzania-s Multi-Asset Gas Production Leader. Wentworth Resources (AIM: WEN), the independent, Tanzania-focused natural gas production company, announces that it has reached agreement with Scirocco Energy ple (“Scirocco”) to acquire its 25% non-operated working interest in the Ruvuma Production Sharing Agreement (“Ruvuma Asset”), in Tanzania (the “Transaction). The 1.9 Tscf {mean GIIP) Ntorya gas discovery located within Ruvuma, Tanzania is operated by ARA Petroleum Tanzania (50% working interest, Aminex plc 25%) and is adjacent to Wentworth-s Mnazi Bay gas producing asset. The consideration is comprised of an initial cash payment of $3 million due upon Completion, with further deferred and contingent cash payments of up to $13 million dependent on certain development and production milestones representing only a portion of past costs. The consideration will be funded through Wentworth-s cash resources whilst allowing the Company to maintain its commitment to a long-term, sustainable and progressive dividend for shareholders.
Documents:

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Acquisition of Working Interest in Tanzanian Gas Development Project - Tanzania Tender

The WENTWORTH RESOURCES, a Government sector organization in Tanzania, has announced a new tender for Acquisition of Working Interest in Tanzanian Gas Development Project. This tender is published on TanzaniaTenders under TZT Ref No: 67737609 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2022-06-24.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.