The South African E&P player drilled to depths of 1,930 metres in Lower Cretaceous sediments. The find was confirmed through drill mud log readings, chromatographic data and modular dynamic testing.
The well is the second to be drilled in the PT5-C concession area located on the Mozambique basin, with the first finding no quantities of hydrocarbons.
The operator is currently undergoing assessment work to ascertain if commercial volumes have been found.
The 3,140-square-kilometre PT5-C block is located between Sosol’s producing Pande and Tamina fields in the province of Inhambane.
Sasol holds a 70% stake in the PT5-C concession, with NOC Empresa Nacional de Hidrocarbonetos holding the remaining stake.
The concession agreement was signed in October 2018 under the country’s fifth oil and gas licensing round.
Mozambique recently became an LNG producer following the launch of Eni’s Mozambique LNG project in November 2022.
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
This website uses cookies.