Natural gas block in the Rovuma basin, Mozambique contains 85 trillion cubic feet of reserves

22 May 2014

Italian petrochemical group ENI has confirmed discoveries in the Area 4 block of the Rovuma basin in northern Mozambique through the Agulha-2 test well, estimating total reserves of 85 trillion cubic feet the group said in a statement.

“The Agulha-2 well was drilled by ENI starting on 26 February 2014, following is discovery assessment activity in September 2013,” said the statement issued by the Mozambican National Oil Institute (INP).

The Rovuma sedimentary basin is currently the most active in terms of oil and gas surveys in Mozambique. As well as ENI, US company Anadarko Petroleum and Anglo-Norwegian company Statoil are operating in the area.

In total, it is estimated that so far just over 180 trillion cubic feet of natural gas has been discovered in the Rovuma basin.

The concession-holders of Area 4, the contract for which was signed in 2006, include ENI with 50 percent, China National Petroleum Corp with 20 percent and Portugal’s Galp Energia, Mozambican state company Empresa Nacional de Hidrocarbonetos and Korea Gas, each with 10 percent. (macauhub/MZ)