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BPCL discovers 2nd natural gas reserve at Mozambique

20 Oct 2010 Evaluate

The state-owned Bharat Petroleum Corp Ltd (BPCL) has made a second natural gas discovery in a block off Mozambique, but did not give the scale of reserves the finds may hold. Exploration well Barquentine drilled to about 5,145 meters, encountered a total of more than 127 net metres of natural gas pay in multiple high quality sands.

Previously, well Windjammer had struck natural gas reserves. US firm Anadarko Petroleum is the operator of the block in Rovuma Basin, Area-1, offshore Mozambique, with 36.5% interest while Bharat Petro Resources, a wholly-owned subsidiary of Bharat Petroleum, owns 10%. Videocon Mozambique Rovuma-1, a unit of Videocon Industries, has 10% interest, Cove Energy Mozambique Rovuma Offshore Ltd 8.5% and Mitsui E&P Mozambique Area-1 Ltd 20%.

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