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| Anadarko Continues Winning Streak offshore Mozambique |
Date: Oct. 2011
Type: New Discovery |
| Anadarko has hit pay in the Camarao prospect in the Offshore Area 1 of the deepwater Rovuma Basin offshore Mozambique. The well encountered about 240 feet (73 meters) of natural gas pay in an excellent-quality reservoir, confirming static pressure connectivity with the partnership's previously announced Windjammer and Lagosta discoveries. Additionally, the well found about 140 feet (43 meters) of natural gas pay in shallower Miocene and Oligocene sand packages not previously encountered in wells. Drilled by the Belford Dolphin drillship, the well reached a total depth of 12,630 feet (3,850 meters) in a water depth of 4,730 feet (1,442 meters). Due to the success of this discovery and the previously announced discoveries (Windjammer, Barquentine and Lagosta), the operator estimates that the complex holds at least 10 Tcf of recoverable natural gas resources. This estimate is expected to increase after further work is performed in the area, including exploration and appraisal drilling, and the evaluation of two newly acquired 3D seismic databases. Anadarko said it is mobilizing a second deepwater drillship to the Rovuma Basin to escalate the campaign, which includes a comprehensive reservoir testing program and the drilling of up to seven exploratory/appraisal wells in the next 12 months. Anadarko operates Offshore Area 1 with a 36.5% working interest. Partners in the complex include Mitsui (20%), BPRL Ventures (10%), Videocon (10%) and Cove Energy (8.5%). Empresa Nacional de Hidrocarbonetos holds a 15% carried interest through the exploration phase. |