Mozambique: State company seeks international partners for natural gas exploration

20 January 2009

Maputo, Mozambique, 20 Jan – Mozambican state hydrocarbons company ENH is looking for international partners to explore gas in the Búzi block, Mozambican newspaper Notícias reported Monday.

In 2008 the government granted an eight-year license to ENH to explore the block, which has estimated reserves of between 10 billion and 17 billion cubic feet of gas.

The paper cited, Guilhermino Fortes, an ENH technical advisor who said that the process had seen some delay due to the international financial crisis, which had made fund allocation for these types of project more difficult.

ENH estimates that around US$30 million will be needed to make the project viable, with Fortes noting that as well as the reserves that had already been identified there was a need to carry out more seismic and geophysical surveys of the area.

“Due to the characteristics of the area we believe that more gas could be found, and thus ENH has opted to contact a number of companies with the appropriate technology to carry out the necessary work,” he said.

Surveys carried out in other areas of Inhambane led to the discovery, at the end of last year, of two natural gas reserves, more specifically in block 16 and 19 of the Mozambique sedimentary basin, under the terms of a contract for surveying and production of hydrocarbons that is being carried out by the consortium including Sasol Petroleum Sofala, Petronas Carrigali Moçambique and Empresa Nacional de Hidrocarbonetos (ENH). (macauhub)