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Tuesday, August 17, 2010

U.S. firm Anadarko finds oil in Mozambique

Anadarko Petroleum has discovered oil in Mozambique but is carrying out further investigations to ascertain if it is a commercial discovery, state media reported on Tuesday.
The daily Noticias newspaper said the oil discovery in the Rovuma Basin in the northern province of Cabo Delgado, comes after Anadarko was granted exploration rights by the government in 2006 to open six wells to search for oil and gas.

The paper quoted Mineral Resources Minister, Esperanca Bias as saying oil deposits were found offshore in the Rovuma basin in wells with depth of around 5,100 meters.

Researchers were still carrying out evaluations to confirm samples from three other Rovuma Basin wells, Bias said.

The Rovuma Delta covers 60,000 square km in the impoverished southeastern African country's northern Nampula and Cabo Delgado regions.

Other companies that are exploring for gas and oil in the basin are Petronas PETR.UL of Malaysia, Norway's Norsk Hydro and Italy's integrated energy company ENI.

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