BPCL Discovers Second Natural Gas Reserves at Mozambique

Bharat Petroleum Corp Ltd (BPCL), a state-owned energy company, has made a significant natural gas discovery in a block off Mozambique. This second discovery, following the Windjammer find, indicates a substantial amount of natural gas resources in the Rovuma Basin, Area-1. The exploration well Barquentine, drilled to a depth of 5,145 meters, encountered 127 net meters of natural gas pay in multiple high-quality sands. This exciting development comes as the company, along with its partners, including Anadarko Petroleum Corp, Videocon Industries, and Mitsui E&P Mozambique Area-1 Ltd, moves forward with designing an appraisal program to further delineate the area's extent.

Key Takeaways:

• BPCL has discovered a second natural gas reserve at Mozambique's Rovuma Basin, Area-1, through the Barquentine exploration well.
• The well encountered 127 net meters of natural gas pay in multiple high-quality sands at a depth of 5,145 meters.
• The discovery follows the Windjammer find, indicating a substantial natural gas resource has been identified.
• The operator, Anadarko Petroleum Corp, plans to initiate a drilling program to better delineate the area extent of the accumulation.
• BPRL, a subsidiary of BPCL, owns a 10% stake in the project, while other partners include Videocon Industries, Cove Energy, Mitsui E&P, and Empressa Nacional de Hidrocarbonetos.
• The exploration well, Barquentine, is approximately 25 kilometers away from the Lagosta exploration well.

Statistics:

• Depth of the Barquentine exploration well: 5,145 meters
• Net meters of natural gas pay encountered: 127 meters
• Stakes in the project:

+ Anadarko Petroleum Corp: 36.5%

+ Bharat PetroResources Ltd: 10%

+ Videocon Mozambique Rovuma-1 Ltd: 10%

+ Cove Energy Mozambique Rovuma Offshore Ltd: 8.5%

+ Mitsui E&P Mozambique Area-1 Ltd: 20%

+ Empressa Nacional de Hidrocarbonetos: 15%

Sources:

• PTI (Press Trust of India)
• Bharat Petroleum Corp Ltd's press statement