Buzi Hydrocarbons starts 1050 km 2D seismic acquisition in Divinhe and Buzi areas

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Buzi Hydrocarbons starts 1050 km 2D seismic acquisition in Divinhe and Buzi areas

4:38 CAT | 15 May 2023

Photo: Buzi Hydrocarbons

PT. Energi Mega Persada Tbk (EMP), is one of Indonesia’s upstream oil and gas companies that operate and has working interests in 16 working areas across Indonesia and Mozambique.

EMP [Energi Mega Persada] through Buzi Hydrocarbons Pte. Ltd. (BHPL) is entering a crucial phase of development, as was granted two years to evaluate the commerciality of potential discoveries in the Buzi and Divinhe areas in the North and South part of the Block respectively.

The appraisal program was approved by MIREME/INP on the 5th of August 2022 starting a new stage of operations in the Buzi Block.

Mr. Taufan, the BHPL Director conducted a kick-off meeting for 1050 km 2D seismic acquisition for Divinhe and Buzi on 12th May 2023 in Maputo attended by seismic contractor Gelombang Seismic Indonesia (GSI), Instituto Nacional De Petróleo (INP) and Empresa Nacional de Hidrocarbonetos, EP (ENH).

Mr. Taufan said that the appraisal activities are the result of the drilling of two wells that confirmed the presence of natural gas in several intervals of the Cretaceous Grudja Formation.

In this phase, BHPL is committed to acquire more than 1050 km of 2D Seismic and drill several wells that will be used for appraisal and future production. During the execution of the appraisal program, the Concessionaire will also make a declaration of the commerciality of mature fields and subsequent submission of the Development Plan that will lead to production.

BHPL also expresses the highest appreciation for the support from the CEO of EMP Tbk, Mr. Syailendra Bakrie, for continuous support of BHPL activities in Mozambique. BHPL is a Subsidiary of EMP – Indonesian Oil and Gas Company holding 75% of the participating interest as an operator in a Joint Venture with Empresa Nacional de Hidrocarbonetos (ENH), a Mozambique State-owned Company with 25% carried through production.

Source: Buzi Hydrocarbons / Media Release