1st Giant Gas Discovery in the Rovuma Basin Area 4
Moz Announces October 20th 2011_Area 4
- The Government of Republic of Mozambique trough the Ministry of Mineral Resources (MIREM) and the National Petroleum Institute (INP) announce the Italian oil company ENI, operator for the Area 4, offshore Rovuma Sedimentary Basin at Cabo Delgado Province, have made the 1st giant natural gas discovery at the Mamba South 1 prospect.
- The Mamba South-1 well was spudded on the 23rd of October 2011 in water depths of about 1585 meters and is located approximately 40 km off Cabo Delgado coast, in the Northern offshore of Mozambique.
- The discovery well encountered a total of 212 meters of continuous gas pay in high-quality Oligocene sands.
- This is the first exploration well in Area 4 and the results exceed pre-drill expectations and confirm the Rovuma Basin as a world-class natural gas province. The concessionary consider that this discovery can lead to at least 15 Tcf of gas in place in the Mamba South Area.
- The well will be drilled to reach an expected total depth of around 5000 m. After completion of drilling and testing activities, the rig will move to drill the second commitment well, Mamba North 1.
- Eni is the operator of Offshore Area 4 with a 70% participating interest. Co-owners in the area are Galp Energia (10 %), KOGAS (10 %) and ENH (10 %).