Indonesian company prospects for oil and gas in Búzi basin, Mozambique

14 November 2011

Maputo, Mozambique, 14 Nov – The basin of the Búzi river, in Mozambique’s Sofala province, is the target of seismic surveys in search of hydrocarbons over an area of some 600 square kilometres, Mozambican daily newspaper Notícias reported.

Citing Amady Valy Momad, representative of state oil and gas company at Buzi Hydrocarbons, a company 100 percent owned by Indonesia’s PT Kaliala Production, the newspaper said that several other companies had bee sub-contracted to carry out a variety of work, namely removal of land mines over an area of 40 square kilometres.

Valy Momad noted that in the 1960s natural gas had been found in the region, although in small quantities, and it was now necessary to get new information in order to find out the size of the reserves using more modern techniques.

In overall terms, hydrocarbon research in the Búzi block will represent investment of around US$30 million, and most of the workforce will be recruited locally. (macauhub)