Petroleum Africa
Find us on: 
Wednesday, June 19, 2013
Partners in Mozambique, Statoil and Tullow Oil are hoping that the test well they are completing will pay off in an oil dividend. The two are drilling the Cachalote well on Area 2 off the coast of Mozambique in the RovumaBasin.
According to reports the partners are hoping to extract 200 million barrels of oil from the Cachalote well. If they do hit oil, it will be the first discovery of oil off the East African country’s coast.
In 2012, Statoil farmed down a 25% working interest with Tullow in areas 2 and 5 of Mozambique’s Rovuma Basin. The Cachalote well is the main focus of the project and has the best chance of yielding commercialized oil.
If the well pays off it will be the second discovery in East Africa in recent weeks for Statoil. Earlier this month the company hit natural gas offshore Tanzania partnered with ExxonMobil with the drilling of the Tangawizi-1 well.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
