Bharat Petroleum, Videocon strike more gas off MozambiqueNovember 28th, 2011 - 5:12 pm ICT by IANS
Mumbai, 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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- Videocon discovers natural gas in Mozambique - Oct 19, 2010
- Iran discovers gas field - Dec 12, 2011
- Iran finds large gas deposit in Caspian Sea - Dec 11, 2011
- New estimates value Essar gas reserves at $4 billion - Mar 05, 2010
- Russia's Gazprom in talks over LNG supplies to India - Oct 25, 2010
- Production at Venezuela gas field to start in 15 months - Sep 07, 2012
- Iraq signs gas deal with Pakistani energy firm - Jul 16, 2012
- India asks Qatar for additional 3 mn tonnes of gas - Apr 23, 2012
- Pakistan to speed up gas import - Feb 03, 2012
- 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
Tags: bharat petroleum, bharat petroleum corporation, bombay stock exchange, bpcl, cubic feet, exploration project, gas lng, liquified natural gas, mozambique, mumbai, natural gas exploration, new discovery, percent stake, recoverable resource, trillion