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| Ocean Rig Poseidon drill-ship |
Statoil said in a statement on Friday it and its partner Exxon Mobil
found gas in a "good quality reservoir" in the Zafarani-1 well, a deepwater
frontier area where no wells had been drilled before 2010, but added further
evaluation was needed to assess the size of the find.
"East Africa will soon become a major gas hub if you look at all
the big discoveries made in Mozambique, and the demand side also looks great
considering how close India with its rapidly growing demand is," Magnus
Smistad, an analysts at Fondsfinans said.
"It's a region where Statoil needs to be and its blocks in
Mozambique are also very exciting," Smistad added.
Mozambique, the fastest growing energy player in the region, this month
estimated that energy firms will spend US$50 billion over the next decade to
develop its liquefied natural gas (LNG) industry.
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| Offshore gas farm at the south coast of Tanzania |
Just this week, Italy's Eni said it had made a new giant offshore gas
discovery in Mozambique with a potential capacity of 212.5 billion cubic metres
(bcm) while Anadarko Petroleum last month made a discovery in a Mozambique well
it called its best so far in the region.
Tanzania has lagged its neighbour to the south but BG Group this month
said appraisal work showed its new discoveries offshore Tanzania contained 3
trillion cubic feet of resources.
Hoping to cash in on the interest, Kenya has also marked out eight new
offshore exploration blocks which it expects to list by end-February and its
government said France's Total is negotiating for the rights to one of the
blocks.
Source: Reuters,af.reuters.com
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