Statoil group to drill second test well in Area 2 block, Mozambique

31 July 2013

Norwegian oil group Statoil, plans to drill a second test well in the Area 2 block of the Rovuma basin in northern Mozambique, British company Tullow Oil said recently.

According to the company, which partners the Norwegian group in this block, the first test well, Cachalote-1, found natural gas but in non-commercial quantities and did not find oil.

The drill ship will now be positioned to drill Búzio-1, the second test well in the block.

Area 2, in which Statoil is the operator with a 40 percent stake, is near Areas 1 and 4, where US group Anadarko Petroleum and Italy’s ENI discovered huge gas deposits.

As well as Statoil and Tullow Oil, with 25 percent, the blocks partners also include Japan’s Inpex, also with 25 percent and Mozambican state company, Empresa Nacional de Hidrocarbonetos (ENH) with the remaining 10 percent. (macauhub)