Mozambique to start commercial oil production

Mozambique to start commercial oil production
Published: 05 December 2013
Mozambique will commence its first commercial production and sale of crude oil in 2014 from an inland oilfield at Inhassoro, Johannesburg- based integrated energy company, Sasol Petroleum has said.

The JSE-listed explorer has already conducted extended well testing on the Inhassoro oil rim and produced over 236,000 barrels of light oil until the end of March 2013 as part of an appraisal programme.

Ebbie Haan, MD of Sasol Petroleum International, said, "Commerciality was declared earlier this year on the Inhassoro G6 and Inhassoro G10 oil reservoirs in the block.

"If we were to develop the field with one or two wells in the first phase, we would be talking about 1,100 bpd."

Recent discoveries of gas and coal have triggered billions of dollars in investment in the former Portuguese colony, Reuters reported.

Haan added that Sasol plans to invest around $2.4billion in Mozambique for a number of oil and gas projects until 2018.

The Mozambican government had, meanwhile, announced in November last that it was set to launch its fifth oil and gas bidding round in 2014.

- Ventures Africa
Tags: Mozambique, Oil,


Latest News

Latest Published Reports

Latest jobs