Mozambique: Andarko Mozambique Exploration prepares oil survey in Rovuma

1 June 2009

Maputo, Mozambique, 1 June – US company Anadarko Mozambique Exploration plans this year to drill new well for prospecting and survey of oil reserves in the Rovuma sedimentary basin, Mozambican newspaper Notícias reported.

The paper said that the company would carry out one of the biggest oil and gas surveys in the region by opening up a total of seven wells over the next few years at an overall cost of some US$268 million.

Drilling these wells is awaited with great anticipation, particularly by the Mozambican government, as it is based on these that it will be determined more precisely if there is oil or gas in Andarko’s concession area along the Rovuma basin.

Notícias, citing the minister for mining resources, Esperança Bias, said that, as well as Andarko, many other concession-holders in the region were preparing to drill, which could confirm the existence of oil in the area, or not. (macauhub)