Area Drilling

04/24/2000
MozambiqueSasol Petroleum International acquired Zarara Oil & Gas Ltd.'s interest in the Temane Block.Zarara assigned its interest in the M-10 offshore block to Sasol in exchange for an increase of Zarara's interest to 10% in the Sofala Bay exploratory block. Sasol will carry Zarara's costs of drilling and testing the first Sofala Bay wildcat planned for later this year. The transactions concentrate Zarara's interest in northern Mozambique, where it holds 98% interest in the Buzi block onshore from Sofala Bay.PortugalDrilling began in early April on the Aljubarrota-3 appraisal well in the Lusitanian basin at what could become the country's first commercial hydrocarbon ...
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