Wentworth Resources

Wentworth Resources, formerly known as Artumas, is an East African upstream and midstream oil and gas company. The company is publicly-traded on the London Stock Exchange and Oslo Stock Exchange. The company’s two principal assets are the Mnazi Bay Concession in Tanzania and the Rovuma Onshore Block in Mozambique. Wentsworth and its partners are moreover exploring over 12,700 km² of the Rovuma Basin of Southern Tanzania and Northern Mozambique.

=Wentworth Resources in Tanzania= In 2004, Wentworth signed a Production-Sharing Agreement (PSA) for the Mnazi Bay Concession. The Concession is a 756 kilometre² area located in the south-eastern territory of Tanzania along its border with Mozambique. The area lies between Aminex’s Ruvuma concessions and BG Group’s offshore Block 1 concession. Oil was discovered in 1981 but was never extracted due to lack of demand. Wentworth Resources owns a 31.94 production stake and Maurel and Prom has a 48.06 percent production interest in the developing licence. State-run Tanzania Petroleum Development Corporation (TPDC) retains the remaining 20 percent production interest in the licence.

To-date, five wells have been drilled and 667 Bcf of gas has been discovered. Wentworth’s Share of recoverable resources is 213 Bscf of contingent and 614 Bscf of recoverable resources.

The first gas is expected to be delivered in 2015. New exploration wells are planned. [5]

The Mnazi Bay gas supply agreement
In September 2014, Wentworth Resources together with Maurel and Prom signed an agreement with the Tanzania Government to supply gas via the Mtwara-Dar es Salaam Gas Pipeline. Under the agreement, the two companies will deliver through the pipeline up to a maximum of 80 million cubic feet per day (mmcf/d) of natural gas during the first eight months, with an option to increase over time to a maximum of 139 mmcf/d of gas for up to a 17-year supply period. The gas price is set at USD 3 per million metric British thermal unit (mmbtu). According to analysts, the agreement contractually binds Tanzania to purchase a fixed minimum quantity of natural gas even if it does not need it during the duration of the contractual period. The agreement is aimed at doubling the country’s power generation capacity to 3,000 megawatts by 2016. The delivery of gas is expected to start in 2015.

Wentworth Africa Foundation
The Wentworth Africa Foundation (WAF) is a charitable foundation that was founded by Wentworth Resources to spearhead its corporate responsibility programme. The foundation facilitates projects that develop the skills, health and experiences of those living in the communities where Wentworth Resources is active. Wentworth Resources finances the foundation and covers all administrative expenses.

Current Projects in Tanzania:


 * In 2013, WAF renovated and modified classrooms of the Msimbati Secondary School and electrified the school


 * At Masai Girls’ school, which is located 200km from Mtwara town, WAF is providing sanitation facilities


 * WAF contributes to the Mtwara Cultural Festival on an annual basis


 * WAF established a scholarship fund for secondary students that benefited 60 students between 2009 and 2012


 * WAF supplied clean water facilities to Msimbati and Mnolela secondary schools



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