facebook
twitter
rss
account
search
search
 

Huge gas find reported in Mozambique

Nov. 29, 2011 at 6:50 AM   |   Comments

HOUSTON, Nov. 29 (UPI) -- U.S. energy company Anadarko Petroleum Corp. announced its latest natural gas discovery off the coast of Mozambique could be one of its biggest in decades.

Anadarko announced its Barquentine-3 appraisal well off the coast of Mozambique has at least 30 trillion cubic feet of natural gas in place, twice the size of the previous estimate.

Anadarko Chief Executive Officer Jim Hackett said the revised estimate made the gas find one of the most important his company has discovered in the last 10 years.

"This is great news for Mozambique, as our ongoing activities will continue to spur meaningful investment in the region, generate significant revenue for the government and offer a multitude of opportunities for the people of Mozambique," he said in a statement.

Anadarko added it was working on expanding the options for liquefied natural gas activity in the country.

The company said it was mobilizing a drillship to the area to accelerate activity off the coast of Mozambique.

The Barquentine-3 appraisal well was drilled in water depths of more than 5,000 feet.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
IS oil smugglers will feel wrath, Kurdish leader says IS oil smugglers will feel wrath, Kurdish leader says
2
Outrage over FERC decision on LNG exports Outrage over FERC decision on LNG exports
3
Exxon says it's safe from Russian sanctions Exxon says it's safe from Russian sanctions
4
Thales to research next-gen active radar antenna Thales to research next-gen active radar antenna
5
Statoil, Shell to assess Algerian shale Statoil, Shell to assess Algerian shale
Trending News
x
Feedback