The contract scope covers a review of Tower’s work on the license to date, including historical well data and regional datasets. The reserves report will also incorporate newly reprocessed 3D seismic data from DMT Petrologic.
OIL expects to complete its work next month, and to issue the findings soon afterward.
Jeremy Asher, Tower’s chairman and CEO, said: “We are looking forward to completing a more detailed evaluation of the many prospects on the Thali block, especially the existing discoveries at Njonji.
“Our work and OIL’s work, over the coming weeks, should identify new potential leads and prospects, and will crystallize greater confidence in the volumetric estimates. This will form the basis for the reserves report and our drilling plans.”