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BPCL’s arm announces completion of planned appraisal drilling program in Mozambique

04 Apr 2012 Evaluate

Bharat Petroleum Corporation’s (BPCL) wholly owned subsidiary Bharat PetroResources’ (BPRL) Anadarko Mocambique Area 1 Limitada, the Operator of exploration block in Rovuma Basin, Area 1, offshore Mozambique, has reported the success of Barquentine-4 appraisal well, which encountered approximately 160 net meters of natural gas pay. With this the partnership has completed the drilling portion of its planned appraisal program in the discovery area offshore Mozambique.

Barquentine-4 is the ninth successful well in the complex that includes the Windjammer, Lagosta, Barquentine and Camarao discoveries and the five subsequent appraisal wells in the block.

The operator has now named the complex ‘Prosperidade’ which is estimated to hold recoverable resources of 17 to 30 plus Tcf of natural gas. The operator plans to mobilize the Belford Dolphin drillship to the northern section of the block to conduct additional exploration drilling of high potential prospects like Atum, Golfinho, etc, which may expand the resource further.

The consortium members in the block are Anadarko Mocambique Area 1 Limitada (36.5% PI), BPRL Ventures Mozambique R.V (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 £.P (ENH) the national oil company of Mozambique, who are carried through the exploration phase.

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