Mozambique Oil

martes, 31 de mayo de 2011

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Major oil discovery in Mozambique
2 min - 9 Ene 2011
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lunes, 30 de mayo de 2011

Anadarko Makes Mozambique Oil Discovery

Anadarko Makes Mozambique Oil Discovery
Tuesday, August 17, 2010	Printer Friendly Version

Anadarko Petroleum, the second-largest U.S. independent oil and natural gas producer, announced the first major discovery of oil off the coast of the East African nation Mozambique. Anadarko's Ironclad well encountered about 125 feet (38 meters) of sands saturated with crude and natural gas, according to Bloomberg News. Texas-based Anadarko (APC) said the find probably will not be commercially developed. The company has been active in Mozambique and announced a major natural gas discovery there earlier this year. Ironclad was drilled to a total depth of about 17,400 feet in 3,418 feet of water and is located about 70 miles south of Anadarko's Windjammer gas discovery, which was announced in February, Bloomberg reported. The oil discovery is believed to be the first documented deepwater oil find off Mozambique's coast. Anadarko said it hopes the Ironclad discovery will provide the company with more data about the potential for additional oil finds in the region. London-based Cove Energy Plc is Anadarko's partner on the project.

domingo, 29 de mayo de 2011

Mozambique crude oil discovery changes Tanzanian prospects- analysts

28th August 10
Mozambique crude oil discovery changes Tanzanian prospects- analysts

The Guardian Reporter

Confirmation of the presence of crude oil in Mozambican deep sea waters, which is only 20 kilometers away from Tanzanian waters, changes prospects in Tanzania, according to analysts.
The nation’s deep sea oil and gas prospecting blocks in the south eastern Indian Ocean which were thought to be gas fields could indeed be crude oil reservoirs, Offshore Magazine has asserted in an article published on August 19.
Cove Energy, the company prospecting for oil and gas in Mozambique in collaboration with the company Anadarko, announced that the Ironclad-1 drilled by Belford Dolphin some 110 kilometers south of the Windjammer gas discovery appeared to be a crude oil discovery in Mozambique.
It is the first documented discovery of liquid hydrocarbons offshore East Africa.

The well penetrated 38 meters of oil and gas saturated sands from an extensive Cretaceous deep water fan complex, the company reported, adding that there were substantial gas shows throughout the 205 meters of Cretaceous. The well was drilled to 5,304 meters depth.
The Windjammer well is about 20 kilometers south of the Tanzanian line. Thus Ironclad-1 looks to be 130 km south of Tanzanian waters. This will encourage the Ophir/ BG Group, in Tanzania’s blocks 1,3 and 4 of the Mafia Deepwater Basin offshore Mafia Island in deep waters as they gather exploration momentum in the area, Offshore Magazine analysts have said.
The Odfjell Drilling Company's dynamically positioned semi-submersible Deepsea Stavanger is expected to arrive on its first Tanzanian location during August. This is a brand new rig built by Daewoo Shipbuilding and Marine from South Korea.
Two firm wells are planned with options for a third.

The east coastal region of Tanzania has long been considered highly prospective.
A Western Geophysical high resolution seismic survey conducted prior to Tanzania's licensing round of 2000 identified a number of structures in the Mafia deepwater basin.
Oil seeps exist on Pemba Island and oil appeared in shallow shot holes on Mafia island itself. So a confirmation by the Ironclad-1 wildcat that an oil structure exists is good news indeed.
Although gas and oil can exist in the same area, Tanzania’s south-east offshore license area is known to be a æstrictly natural gas area.
Aminex, the British oil and gas prospecting company working in conjunction with another British company, Tullow Oil Plc to prospect for oil and gas in the Indian Ocean within TanzaniaÆs south eastern territorial waters says the evidence now available proves the deep sea license area to be a strictly natural gas area with oil indications present only on the mainland.
Briefing shareholders in London recently, company officials said data currently available showed oil was present somewhere onshore while evidence indicated the offshore Tanzania license was a gas play.
But the temperature exploration in this area is high nonetheless.

The British company Key Petroleum recently announced they will resume drilling for oil and gas in the offshore Nyuni licence area in December, six years after halting drilling operations there. The exploration license is in the same vicinity as the Tullow-Aminex blocks.
Partners in the Nyuni joint venture offshore Tanzania have opted to drill the Nyuni 2 exploration well in December, where the well will be drilled directionally from Nyuni Island in the northeast of the Nyuni block to a subsurface target 1.47 km (9.6 mi) to the east, beyond the edge of the continental shelf, the company said in a recent press release.
Key Petroleum says the well will test a very large anticlinal closure drilled by the Nyuni 1 well in 2003-04, which discovered a 15-m (49-ft) gas column in Albina-Aptian sandstone. However, the gas-bearing zone could not be flow tested at the time due to operational factors.

THE GUARDIAN
Mozambique crude oil discovery changes Tanzanian prospects- analysts

Mozambique: Oil in Rovuma Basin - Guebuza Urges Citizens to Remain Calm

17 August 2010

Windhoek — Mozambican President Armando Guebuza on Tuesday urged all Mozambicans to remain calm following the news reporting the discovery of oil in the Rovuma Basin, in the northern region of the country.

Guebuza, who was speaking to Mozambican reporters in Windhoek, the Namibian capital, on the sidelines of the just ended 30th Ordinary Summit of Heads of States and Governments of the Southern Africa Development Community (SADC), said that Mozambicans must remain calm and wait for more detailed information on these findings.

"The first thing I would like to say is to advise people to remain calm until we have more information on the discovery," said Guebuza.

According to Guebuza, even if oil is found in commercially viable amounts, people should never set aside other means of livelihood, such as agriculture.

On Monday, Mozambique's Minister of Mineral Resources, Esperanca Bias, announced in Maputo that the US oil company Anadarko has found oil deposits in the Rovuma Basin.

Bias, who was speaking during a press conference, explained that it is still a technical presence of oil, because there is still a long way to go for the evaluation of its commercial viability.

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Oil was found at a depth of 5100 meters, with the Minister claiming that it is the first time that oil was found off shore in the East African region.

In 2006, Anadarko signed a contract with the Mozambican government for the drilling of six exploratory wells in the Rovuma Basin.

Last February, Anadarko announced that the Windjammer exploratory well, off the coast of Cabo Delgado province, encountered more than 480 net feet of natural gas pay in high-quality reservoir sands, with a gross column of more than 1,200 feet.

Apart from Anadarko there are another three companies prospecting hydrocarbons in the Rovuma basin, including ENI from Italy, Petronas (Malaysia) and Statoil (Norway).

viernes, 27 de mayo de 2011

Anadarko Makes Mozambique Oil Find

By Gordon Wilcox
August 18, 2010 12:32 AM

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Anadarko Petroleum (NYSE: APC), the second-largest U.S. independent oil and natural gas

producer, said it made what is believed to be the first deepwater oil discovery off the coast of the East African country of Mozambique.

Texas-based Anadarko said the find probably won't be commercially developed, but the company will use data from the discovery to evaluate the potential for additional discoveries in the region.

Anadarko's Ironclad well encountered about 125 feet (38 meters) of sands saturated with crude and natural gas, according to Bloomberg News. The company made a significant natural gas find in Mozambique earlier this year.

Anadarko's partner on the project is Cove Energy Plc of the U.K.

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Mozambican Government might cancel Refinery projects.

“There are rules laid down in law. We have been a littl(2010-08-20) The Mozambican Government might cancel the project to build an oil refinery in the district of Nacala-a-Velha in the northern Nampula province, according to the paper “O Pais”.

Minister Salvador Namburete lamented that no construction work has taken place since the signing of the agreement to build the refinery in October 2007. The minister assumed that this was due to the world financial crisis, which affected the banks that would fund the 5 billion US dollar project.

According to the minister, “what we know and hear from investors is that financing was secured by commercial banks. However, because of the financial crisis, they have had difficulties”.

Namburete said that the decision is imminent because the largest shareholder in the project, Ayr Logistics, has not shown signs of going ahead with the tolerant, because we have been following the international crisis. But the company that signed the accord with the government has not been meeting deadlines”.

The minister stated that the proposed Oilmoz oil refinery near Maputo is also under threat of cancellation. Oilmoz needs to raise 8 billion US dollars for constructing the refinery, which would produce 350,000 barrels of fuel a day.

The threat to cancel the proposed oil refineries coincides with the discovery by the American company Anadarko of oil in the Rovuma basin.

Mozambique: Government Threatens to Cancel Nacala Oil Refinery

19 August 2010

Maputo — The Mozambican Government might cancel the project to build an oil refinery in the district of Nacala-a-Velha in the northern Nampula province, according to the paper "O Pais".

Energy Minister Salvador Namburete lamented that no construction work has taken place since the signing of the agreement to build the refinery in October 2007. The minister assumed that this was due to the world financial crisis, which affected the banks that would fund the 5 billion US dollar project.

According to the minister, "what we know and hear from investors is that financing was secured by commercial banks. However, because of the financial crisis, they have had difficulties".

Namburete said that the decision is imminent because the largest shareholder in the project, Ayr Logistics, has not shown signs of going ahead with the project.

"There are rules laid down in law. We have been a little tolerant, because we have been following the international crisis. But the company that signed the accord with the government has not been meeting deadlines".