ENH, Kalila Energy sign gas exploration deal

Mozambique's state-owned Empresa Nacional de Hidrocarbonetos de Mocambique has sold Indonesia's PT Kalila Energy Ltd. a 75% stake in the Buzi Block for $30 million.

Uchenna Izundu
OGJ International Editor

LONDON, Apr. 27 -- Mozambique's state-owned Empresa Nacional de Hidrocarbonetos de Mocambique has sold Indonesia's PT Kalila Energy Ltd. a 75% stake in the Buzi Block for $30 million.

The partners will undertake natural gas exploration in the central Sofala province for the next 8 years and will drill two exploration and two appraisal wells.

The contract also provides for funding for social responsibility and staff-training programs.

According to reports, Buzi holds estimated reserves of 10-17 bcf of gas.

Contact Uchenna Izundu at uchennai@pennwell.com.

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