Mozambique says Buzi gas potential is 3.3 tcf

6 November 2009

Cape Town, South Africa, 6 Nov – Mozambican state gas and oil firm ENH announced Wednesday that it plans to make the first test drilling in the Buzi natural gas field in 2011 where there are estimated reserves of 3.3 trillion cubic feet.

“Based on geological surveys we anticipate a reserve of a trillion cubic feet with a possibility to go to 3.3 trillion cubic feet(…)we hope to begin drilling the first well in 2011,” Nelson Ocuane, chairman of the state energy firm, told Reuters on the sidelines of a Cape Town oil conference.

Ocuane also said an accord will be signed in December with the EDM power utility to supply 2.5 million gigajoules of natural gas yearly to the company’s power stations. ENH will have to build a 15.5 km pipeline from Matola to Maputo where EDM’s power plants are in a US$ 20 million project.

Ocuane added that Mozambique’s total natural gas reserves are put at 14 trillion cubic feet but ENH is involved in various exploration projects across the country which could alter this estimate. (macauhub)