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Eni boosts outlook for gas off Mozambique

Eni has increased its estimate of natural gas in place in its license offshore Mozambique to 80 tcf from 75 tcf after completing appraisal drilling.

Eni Mamba South 3, the ninth well drilled on Area 4, encountered 214 m of gas pay in high quality Oligocene and Eocene strata, proving communication with the same reservoirs in Mamba South 1 and 2 and Mamba North East 1 and 2.

Mamba South 3, drilled in 1,571 m of water, reached 4,948 m TD. It’s 6 km north of Mamba South 1, 12 km northwest of Mamba South 2, and 50 km off the Cabo Delgado coast.

Eni said it is completing development plans.

It plans to drill an exploration prospect called Agulha 1 in the southern part of Area 4 to test deeper potential.

Eni, operator, has a 70% participating interests. Galp Energia, KOGAS, and ENH hold 10% interests each. ENH’s interest is carried through exploration.

Petrochina Co. Ltd. has agreed to acquire 28.57% of Eni East Africa in a deal, subject to approvals, that will give China National Petroleum Corp. a 20% stake in Area 4 (OGJ Online, Mar. 14, 2013).

 


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