Bharat Petroleum, Videocon strike more gas off Mozambique
November 28th, 2011 - 5:12 pm ICT by IANSMumbai, Nov 28 (IANS) A natural gas exploration project off the shore of Mozambique has revealed additional reserves, according to Bharat Petroleum Corporation (BPCL), which holds a stake in the venture along with Videocon.
“The Barquentine-3 appraisal well has encountered more than 202 net metres of natural gas. This significantly expands the estimated recoverable resource range - 15 to 30-plus trillion cubic feet of natural gas,” BPCL said Monday in a regulatory filing to the Bombay Stock Exchange (BSE).
According to the filing, the new discovery would add to the estimated reserve range of 30 to 50-plus trillion cubic feet of natural gas in place and this would be beneficial to the large-scale liquified natural gas (LNG) project which is under development.
The well is the sixth successful appraisal operation for the project. in which BPCL and Videocon have 10 percent stake each.
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- Iraq signs gas deal with Pakistani energy firm - Jul 16, 2012
- India asks Qatar for additional 3 mn tonnes of gas - Apr 23, 2012
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- BPCL partner finds gas in Mozambique - Feb 18, 2010
- Bangladesh discovers gas reserve - Aug 20, 2012
- New gas field found in Turkmenistan - Mar 10, 2012
- Iran finds new gas field - Aug 09, 2011
- US to explore oil in Gulf of Mexico - Jan 27, 2012
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