Chairman of Italian oil group ENI happy with results of hydrocarbon prospecting in Mozambique

4 January 2012

Maputo, Mozambique, 4 Jan – The chief executive of Italian oil group Ente Nazionale Idrocarburi (ENI) Tuesday in Maputo said he was satisfied with hydrocarbon prospecting activities underway in the Rovuma basin, next to Mozambique’s border with Tanzania.

Paolo Scaroni told Mozambique’s President Armando Guebuza about the progress of prospecting activities in the Rovuma basin, particularly at “Mamba Norte 1” and about the second phase of research.

Recently, the Italian group announced that estimated reserves of natural gas had increased to 22.5 trillion cubic feet, with the discovery of more gas in the “Mamba Sul 1” exploration area, area 4 off the coast of Mozambique.

The amount of gas discovered is about 50 percent more than had been announced on 20 October when ENI said it had discovered 15 trillion cubic feet of natural gas at the “Mamba Sul 1” area, some 40 kilometres off the coast of Cabo Delgado province.

ENI is the operator of Area 4 in which it has a stake of 70 percent, and the other partners are Portuguese group Galp Energia (10 percent), South Korea’s Kogas (10 percent and Mozambican state oil and gas company, Empresa Nacional de Hidrocarbonetos (ENH) with 10 percent. (macauhub)