Subsidiary of Italian group ENI finds more natural gas in Mozambique

15 February 2012

Maputo, Mozambique, 15 Feb – ENI East Africa has announced a new discovery of natural gas in the Rovuma Basin in Mozambique, with potential reserves of 7.5 trillion cubic feet, Mozambique’s National Oil Institute said in a statement issued in Maputo.

The new discovery was the result of a well drilled in area 4 of the Rovuma Basin, which increase the potential reserves of natural gas found in the area to 30 trillion cubic feet.

Cited by Mozambican daily newspaper Notícias, the statement said that the last discovery was made in 186 metres of sand saturated with natural gas an added that the tests carried out on the well had shown it to be highly productive and able to provide around 1 million cubic metres per day.

Surveying activities in area 4 continue and five new wells are due to be drilled this year.

Alongside this feasibility studies are underway on large scale combined projects to supply natural gas to the national, regional and international markets (liquid natural gas, liquid fuel production and other industrial projects).

The concession holders of area 4 of the Rovuma basin, the production contract for which was signed in 2006, are ENI East Africa – Moçambique, which is the operator and has a 70 percent stake, Mozambican state company Empresa Nacional de Hidrocarbonetos (ENH), with 10%, and Portugal’s Galp Energia and South Korea’s Kogas, each with 10 percent. (macauhub)