Bharat Petroleum Corporation’s (BPCL) wholly owned subsidiary -- PetroResources’ (BPRL’s) -- Lagosta-3 appraisal well (Rovuma Basin, Area 1, Mozambique offshore) has encountered 176 net meters of natural gas pay in multiple zones. This was advised by Anadarko Mocambique Area 1 Limitada, the operator of exploration block in Rovuma Area 1, offshore Mozambique. The Lagosta-3 appraisal well is located about 3 kilometers west of the Lagosta-1 discovery well and 15 kilometers south of the Camarao-1 discovery well. The well drilled to total depth of about 4,180 meters in water depths of approximately 1404 meters.
The operator also informed that the Lagosta-3 well encountered high quality sands and successfully confirms an area of the field that was not as well imaged in the seismic data due to overlying faulting.
The Belford Dolphin deepwater drillship will now be mobilised to drill the Barquentine-4 appraisal well. A second deepwater drillship, the Deepwater Millennium, is now on location at the Barquentine -2 well preparing for drill stem testing.
The consortium members in the block are Anadarko Mocambique Area 1 Limitada (36.5% PI), BPRL Ventures Mozambique BV (10% PI), a wholly owned overseas subsidiary of BPRL, Videocon Mozambique Rovuma 1 (10% PI), Cove Energy Mozambique Rovuma Offshore (8.5% PI) and Mitsui E&P Mozambique Area 1, (20% PI).
The balance 15% PI is with Empressa Nacional de Hidrocarbonetos EP (ENH), the national oil company of Mozambique.
| Company Name | CMP |
|---|---|
| Reliance Industries | 2911.25 |
| Indian Oil Corp. | 167.20 |
| BPCL | 646.50 |
| HPCL | 546.65 |
| MRPL | 213.90 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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