Mozambique’s natural gas bloc reserves revised upward

12 March 2014

Natural gas reserves in the Area 1 bloc of northern Mozambique’s Rovuma Basin have been revised upward to between 45 billion and 70 billion cubic feet, the Indian press reports.

Citing the Indian companies Bharat PetroResources Ltd., a subsidiary of the Bharat Petroleum Corporation Ltd. group, and ONGC Videsh, an ONGC group company for foreign business, India’s economic press specified that previous estimates ranged between 35 billion and 65 billion cubic feet.

The bloc is operated by Anadarko Moçambique Area 1 Ltc., a subsidiary of the US group Anadarko Petroleum, with 26.5 percent. The remainder is held by BPRL Ventures Mozambique B.V. (10 percent), Beas Rovuma Energy Mozambique Ltd. (10 percent), ONGC Videsh (10 percent), Cove Energy Mozambique Rovuma Offshore Ltd. (8.5 percent), owned by Thailand’s state-held PTTEP group, Mitsui E&P Mozambique Area 1 Ltd. (20 percent) and Mozambique’s state-held Empresa Nacional de Hidrocarbonetos (15 percent). (macauhub)