TPDC’s 5-percent Kiliwani North deal
Tanzania 
DODOMA, October 5, 2015 – The Tanzania Petroleum Development Corporation (TPDC) will acquire a 5-percent working interest in the Kiliwani North development, according to a press release on Monday.
This deal requires that the TPDC compensate a portion of the development capital expenditure spent by the joint venture’s partners. The shareholders in the Kiliwani North development are exploration and production operators Africa-focused Aminex (58.5 percent), the UAE’s Rak Gas (25 percent) and hydrocarbons investment company Solo Oil (6.5 percent).
“The TPDC have chosen to exercise their back-in rights which will further increase their alignment with the partnership developing Kiliwani North,” Solo chairman Neil Ritson said in a company statement Monday. The company is further awaiting a final sales and gas agreement with the state-owned company.
The Kiliwani North gasfield is included in the Kiliwani North development, which is expected to yield 850,000 cubic metres (30 mcf) of gas per day.
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