Partners Plan Buzio-1 Spud Offshore Mozambique

Friday, August 2, 2013

Statoil is planning on dropping the drillbit once again on its Block 2 offshore Mozambique, even though its last well was less than stellar. The first test well, Cachalote-1, found natural gas but in non-commercial quantities and did not find oil.

The Norwegian firm and its partner Tullow Oil will drill a second test well on the block in the Rovuma Basin. According to Tullow, the rig will now be positioned to drill the Búzio-1 well in the block.

Besides Statoil and Tullow other partners on the block include Japan’s Inpex and Mozambique’s state-run ENH.

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