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 volume 14, issue #2 - Monday, February 16, 2009

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Mozambique looks for partners to explore for gas

19-01-09 Mozambique's state oil company Empresa Nacional de Hidrocarbonetos (ENH) is seeking international partners to explore for gas in the south-eastern Buzi block.
The government in 2008 awarded ENH an eight-year license to explore in Buzi, which has estimated reserves of between 10 bn and 17 bn cf of gas.

The technical advisor to the board of directors, Guilhermino Fontes, was quoted as saying the exploration process had been delayed due to the international financial crisis and ENH was looking for partners.
"Based on the features of the area, it is believed that more gas could be discovered (and) that's why ENH has opted to contact a series of international companies with adequate and advanced technologies to carry out the works we intend to do," he said.

Mozambique has major proven gas reserves, but does not have the technical and financial capacity to exploit them.
The government said in November that two new natural gas fields, licensed to a consortium led by South African petrochemical group Sasol, were discovered in the southern Inhambane province.

Source: http://www.rigzone.com / AFX News Limited



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