4/24/2013 | Mozambique

Appraisal plan of the Area 4 in Mozambique has been successfully concluded

Galp Energia, partner of the consortium for the exploration of Area 4 in the Rovuma basin, offshore Mozambique, announces, that the appraisal campaign of the discoveries in Area 4 in Mozambique has been successfully concluded with the drilling and testing of Mamba South 3, which is the ninth well drilled in the exploration permit.

Galp Energia, partner of the consortium for the exploration of Area 4 in the Rovuma basin, offshore Mozambique, announces, that the appraisal campaign of the discoveries in Area 4 in Mozambique has been successfully concluded with the drilling and testing of Mamba South 3, which is the ninth well drilled in the exploration permit.

The well results exceeded expectations and led to an estimate update of the Mamba complex and Coral discoveries to 80 trillion cubic feet (tcf) of gas in place.

Mamba South 3 was drilled in water depth of 1,571 meters and reached a total depth of 4,948 meters. The well is located approximately 6 kilometers North of Mamba South 1, 12 kilometers North West of Mamba South 2 and approximately 50 kilometers off the Cabo Delgado coast.

The well encountered 214 meters of gas pay in high quality Oligocene and Eocene reservoirs. The discovery proved the existence of hydraulic communication with the same reservoirs of Mamba South 1 and Mamba South 2, Mamba North East 1 and Mamba North East 2 wells.

The consortium is now finalizing the development plans of this huge resource base.

The plan is now to drill an exploration prospect, Agulha 1 (previously referred as K Bulge), in the southern part of Area 4, in order to assess the hydrocarbon potential of untested deeper plays in Area 4.

Galp Energia holds a stake of 10% in the consortium that explores Area 4, while Eni (operator) holds 70%, KOGAS holds 10% and ENH holds the remaining 10%.

Source: Galp Energia, SGPS, S.A.

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