Mining & Energy
Billion-dollar LNG project in southern Mozambique expected in 2020
In file CoM
Indonesian company Buzi Hydrocarbons is due to begin drilling for natural gas in the next few days in the Buzi block, in central Mozambique, an official source said on Friday.
This is still a relatively unexplored area and, in the first phase, the Indonesian company will drill a borehole on land, the chairman of the National Petroleum Institute (INP), said ikn today’s ‘Notícias’ newspaper.
The only other commercial exploitation of natural gas near that point is being carried out by the South African group Sasol, in the Pande and Temane deposits, in Inhambane province, which exports most of its production to South Africa.
Buzi Hydrocarbons holds 75% of the rights to the Buzi Block and the Mozambican Government 25%, through the National Hydrocarbons Company (ENH).
The intention to invest in the site, where records of possible gas deposits date back to 1962, was announced in 2015 and, at the time, the plan was to drill about 15,225 feet deep in the BD1 and BD2 wells, in the Búzi gas field”.Source: Lusa
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