Videocon Industries’ wholly owned subsidiary - Videocon Hydrocarbon Holdings’ (VHHL) - Barquetine 2 appraisal well has successfully 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. The Barquentine-4 well is the ninth successful well in the complex that includes the earlier Windjammer, Barquentine, Lagosta and Camarao discoveries and the five subsequent appraisal wells in the block. The result of the successful appraisal program is the key to achieving third party reserve certification leading to project.
This was advised by Anadarko Mocambique Area 1 Limitada, the operator of exploration block in Rovuma Area 1, offshore Mozambique.
The consortium members in the block are Anadarko Mocambique Area 1 Limitada (36.5% working interest), is the operator of the 2.6-million-acre Offshore Area 1. The co-owners in the area are Mitsui ES& Mozambique Area 1, (20 percent), BPRL Ventures Mozambique B.V. (10 percent), Videocon Mozambique Rovutna 1, an overseas subsidiary of Videocon Hydrocarbon Holdings (10 percent) and Cove Energy Mozambique Rovuma Offshore, (8.5 percent).
