Videocon Mozambique Rovuma 1 along with partner Anadarko Petroleum Corporation has struck gas across multiple zones in the Lagosta-2 appraisal well in Mozambique’s offshore Area 1. This is its seventh well in the discovery area offshore Mozambique, successfully appraised previous discoveries at Lagosta and Camarao. The Lagosta-2 appraisal well, located about 4.4 miles (7 kilometers) north of the Lagosta discovery and 5.3 miles (8.5 kilometers) south of the Camarao well, encountered 777 total net feet (237 meters) of natural gas pay in multiple zones.
The Lagosta-2 appraisal well was drilled to a total depth of approximately 14,223 feet (4,335 meters) in water depths of approximately 4,813 feet (1,467 meters) in the Offshore Area 1 of the Rovuma Basin. The partnership plans to preserve the Lagosta-2 well for future utilization during its planned drillstem testing program in the Windjammer, Barquentine and Lagosta complex. Once operations are complete, the Belford Dolphin deepwater drillship will be mobilized to drill the Lagosta-3 appraisal well.
Videocon Mozambique Rovuma 1 is an overseas subsidiary of Videocon Industries’ wholly owned subsidiary Videocon Hydrocarbon Holdings (VHHL). The company holds 10% participating interest in the block in partnership with Anadarko Petroleum Mozambique Area 1, an affiliate of Anadarko, who is the operator of the 2.6 million acre block with PI of 36.5%. Other co-owners in the area are Mitsui E&P Mozambique Area 1, (20%), BPRL Ventures Mozambique B.V. (10%) and Cove Energy Mozambique Rovuma Offshore, (8.5%).
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