Posted - Wednesday, 04 September 2013 | 16:30 - Hellenic Shipping News Worldwide
Galp Energia, a partner in the consortium for the exploration of Area 4
in the Rovuma basin, offshore
Mozambique, announces a new discovery at the Agulha exploration
prospect. This discovery opens a new exploration play in the Southern
part of Area 4.
The exploration well Agulha-1 was drilled to assess new exploration
targets and to test the hydrocarbon potential of geological sequences
that are older than the ones drilled in the Mamba complex. The well
encountered a substantial net gas pay zone in good quality Paleocene and
Cretaceous reservoirs, with in place volumes of 5 to 7 Tcf. Indications
of wet gas in the Cretaceous section were particularly encouraging and
potentially open a new play type in the region. This will be the object
of further evaluation.
The exploration well Agulha-1 was drilled in a water depth of 2,492
metres and reached a total depth of 6,203 metres. The well is located
approximately 80 kilometres off the Cabo Delgado coast.
This was the tenth well drilled back to back in Area 4, where exploration achieved a 100% rate of success.
The consortium is now finalising the assessment of the Agulha discovery
and is preparing the appraisal strategy. This new exploration play in
the Southern part of the block will be further investigated with the
drilling of three additional wells foreseen in 2014.
Galp Energia holds a stake of 10% in the Area 4 consortium whilst Eni
East Africa (Operator) holds 70%, KOGAS holds 10% and ENH holds the
remaining 10%.
Source: Galp Energia
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