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Italy’s ENI discovers huge gas reserves in Mozambique

Milan, Italy, 21 Oct – Italian oil and gas group ENI – Ente Nazionale Idrocarburi said Thursday in Milan that it had discovered estimated reserves of natural gas of 15 trillion cubic feet (424.7 billion m³) in the only test well so far drilled in Mozambique.

The well, which is called “Mamba Sul 1”, is located around 40 kilometres off the coast of Cabo Delgado province and ENI East Africa – Mozambique, a subsidiary of the Italian group, is its operator.

This discovery by ENI follows just days after Anadarko Moçambique, a subsidiary of US oil group Anadarko Petroleum, confirmed reserves of 10 trillion cubic feet of natural gas in a test well called “Camarão.”

According to a statement from the group, later confirmation of these volumes of natural gas could lead to combined large-scale programmes for export and supply of gas to the national, regional and international markets.

With the gas confirmed in the area under Anadarko’s concession there is a possibility of two independent modules being set up to produce 5 million tons of liquid natural gas (LNG) per year, as compared to just one module projected to tap offshore natural gas.

The concession holders of area 4 of the Rovuma basin, the production contract for which was signed in 2006, are ENI East Africa – Moçambique, which is the operator and has a 70 percent stake, Mozambican state company Empresa Nacional de Hidrocarbonetos (ENH), with 10%, and Portugal’s Galp Energia and South Korea’s Kogas, each with 10 percent.

Anadarko Petroleum heads up a consortium that includes Mozambican state oil and gas company Empresa Nacional de Hidrocarbonetos, Japan’s Mitsui, Videocon and Barat Petroleum, both from India, and Cove Energy, from the United Kingdom. (macauhub)

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