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Gas industry

Bharat Petroleum Corporation's Subsidiary Makes Significant Gas Discovery in Mozambique

Strategic Insights

— 2 min read

Bharat Petro Resources, a wholly owned subsidiary of Bharat Petroleum Corporation, has made a significant gas discovery in the Rovuma Basin, Area 1, offshore Mozambique. The Lagosta exploration well, currently under drilling at a depth of 4221 meters, has encountered a total of more than 168 net feet of natural gas pay in multiple high-quality Oligocene and Eocene sands. This is the third natural gas discovery in the area, following the Windjammer and Barquentine discoveries. The Lagosta discovery is located about 25 kilometers to the south of the previously announced Barquentine discovery.

Key Takeaways:

  • The Lagosta exploration well has encountered a total of more than 168 net feet of natural gas pay in multiple high-quality Oligocene and Eocene sands.
  • This is the third natural gas discovery in the Rovuma Basin, Area 1, offshore Mozambique, following the Windjammer and Barquentine discoveries.
  • The Lagosta discovery is located about 25 kilometers to the south of the previously announced Barquentine discovery.
  • The partnership plans to drill to a total depth of about 4,850 feet to evaluate a deeper zone.
  • Once operations are complete at Lagosta, the operator expects to mobilize the Belford Dolphin drillship to drill the Tubarao exploration well located in the same exploration block.
  • Bharat Petro Resources has a 10% stake in the Rovuma Offshore Area 1, which is jointly owned by BPRL Ventures Mozambique B.V. (10%), Videocon Industries (10%), Mitsui E&P Mozambique Area 1 (20%), and Cove Energy Mozambique Rovuma Offshore (8.5%).
  • Empresa Nacional de Hidrocarbonetos (ENH) has a 15% interest in the area, carried through the exploration phase.
  • Anadarko is the operator of the area and has a 36.5% stake in the block.

Statistics:

  • The Lagosta exploration well is currently under drilling at a depth of 4221 meters.
  • The well has encountered more than 168 net feet of natural gas pay in multiple high-quality Oligocene and Eocene sands.
  • The partnership plans to drill to a total depth of about 4,850 feet.
  • The Belford Dolphin drillship, which will be mobilized to drill the Tubarao exploration well, has a drilling depth capacity of approximately 4,850 feet.
  • Bharat Petro Resources has a 10% stake in the Rovuma Offshore Area 1.
  • Empresa Nacional de Hidrocarbonetos (ENH) has a 15% interest in the area, carried through the exploration phase.
  • Anadarko has a 36.5% stake in the block.

Sources:

  • Bharat Petro Resources
  • Anadarko Petroleum Corporation
  • BPRL Ventures Mozambique B.V.
  • Videocon Industries
  • Mitsui E&P Mozambique Area 1
  • Cove Energy Mozambique Rovuma Offshore
  • Empresa Nacional de Hidrocarbonetos (ENH)

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