Oil and gas exploration in the Rovuma (also spelled Ruvuma) River Basin started almost 50 years ago but early wells were either dry or gas prone which resulted in the region being largely ignored for several decades. Upstream investments remained relatively small until 2005 when Wentworth bid for and won concessions in three Rovuma Basin blocks. At that time the Company was partnered with Anadarko and the Mozambique national oil company in the Onshore and Offshore Rovuma Concessions and held an 80% participation interest in the Mnazi Bay Concession in southern Tanzania with that country's national oil company.
Work began in all three concession areas in 2006 and by 2008 new seismic data had been acquired in Mnazi Bay, Tanzania and Onshore and Offshore Rovuma, Mozambique. One well re-entry, two appraisal wells, and one exploration well were drilled in the Mnazi Bay Concession and all four wells flowed natural gas. For a period of time, following the global financial collapse in 2008, work in the area slowed but resumed in 2009 with the drilling of the Mecupa-1 well in the Onshore Rovuma Concession, Mozambique. Anadarko's initiative to drill deep-water wells in the Offshore Rovuma Area 1 Concession began in late 2009 and the success of those wells would go on to change perceptions of the East African margin and the Rovuma Basin's prospectivity forever.
To date Anadarko and ENI have drilled numerous deep-water wells and have together discovered an estimated 150+ TCF of natural gas.
In addition to current and committed future drilling, emphasis by operators is shifting to how they are going to monetise what is currently estimated to be in the region of 175Tcf of gas. Liquefied Natural Gas or LNG is the logical solution but for concessionaires with smaller known or expected resources, alternative monetization solutions have to be considered. In the case of Wentworth and its Mnazi Bay and Rovuma Onshore concessions, there are multiple monetization solutions under consideration and development. These include:
In the case of gas-to-petrochemical projects, Wentworth commissioned and completed pre-feasibility and product scoping studies to look at and consider multiple monetization solutions. The results of this study point to the production of methanol and ammonia/urea as the optimal solution. Wentworth, with the support of the Tanzanian and Mozambican governments, is pursuing the development of these projects.