Ruvuma
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| OPERATOR: | ARA Petroleum Tanzania Limited – 50% interest | |
| OTHER CONTRACTING PARTIES: | ||
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| License Area Size: | 766.76 sq.km | |
| PSA Signed Date: | 29th October 2005 | |
| Effective Date (Initial Period): | 29th October 2005 | |
| First Exploration License: | 3rd December 2012 | |
| Second Exploration License: | 28th January 2014 | |
| Current License Period: | Second Extension Period on Location | |
| Current License Effective Date: | 15th August 2021 | |
| License Expire Date: | 15th August 2023 | |
| STATUS OF OPERATION | ||
| TPDC and the Contractor have been given two (2) years to carry out 3D Seismic data acquisition in the location area to drill Chikumbi-1 well. | ||
| CURRENT STATUS | ||
| Ndovu is ongoing with procurement of the drilling contractor of Chikumbi-1 well. | ||
| FISCAL TERMS | ||
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| SURFACE RENTAL | ||
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