Maputo, Mozambique, 6 Oct – Oil and gas company Anadarko Moçambique has announced there are natural gas reserves of around 10 trillion cubic feet (238. 168 billion cubic metres) in its Camarão test well drilled in the Rovuma basin, according to Mozambique’s National Oil Institute (INP).
A statement from the INP cited by Mozambican newspaper Notícias said that the new discovery could lead to two independent modules being set up to produce 5 million tons of liquid natural gas (LNG) per year, as compared to just one module projected to tap offshore natural gas and was thus a significant step in terms of economies of scale and costs.
The “Camarão” well was drilled to a depth of 3,850 metres and confirmed 73 metres of sands saturated with natural gas from the Oligocene and 43 metres of gas in sands from the Miocene period.
With a view to speeding up research activities underway in the Rovuma basin, the concession-holders of the area announced that a second survey ship would be used over the next 18 months for drilling and testing operations.
The concession-holders for the area are Anadarko Moçambique, a subsidiary of US company Anadarko Petroleum, Mozambican state oil and gas company Empresa Nacional de Hidrocarbonetos, Japan’s Mitsui, Videocon and Barat Petroleum, both from India, and Cove Energy, from the United Kingdom.
In the last few years Mozambique has been the focus of larges companies investing in oil and gas research in several regions, notably the Rovuma basin. An estimated US$370 million was invested between 2009 and 2010 in activities of this kind in the area that covers the north of Nampula province and practically the entire coast of Cabo Delgado province.
Since the concession contract for block 1 was signed in 2007, Anadarko Petroleum has invested around US$750 million in prospecting and research, and six test wells have been drilled at sea and one on land, which resulted in natural gas being found in at least five at sea, namely “Windjammer,” “Barquentine,” “Lagosta,” “Tubarão” and now “Camarão.” (macauhub)