Bharat Petroleum Corporation Ltd and Videocon Industries have reported gas finds from their joint venture with US based Anadarko Petroleum Corporation off the Mozambique coast.

Bharat petroResources a wholly owned subsidiary of BPCL and Videocon Hydrocarbon Holdings Ltd a wholly owned subsidiary of Videocon Industries Ltd in separate statements filed with the Bombay Stock Exchange said that "Anadarko Petroleum Corporation, the operator of the field, has informed that the Barquentine-2 appraisal well encountered more than 70 meters of natural gas pay in high quality Oligocene-age reservoirs.”

The well was drilled to a total depth of approximately 4,100 meters in approximately 1,650 meters of water, the two companies said in their statements. Barquentine 2 is the first appraisal well in the Windjammer, Barquentine and Lagosta complex, which is estimated to hold a minimum of 6 trillion cubic feet of recoverable natural gas resources.

The gas find at the Barquentine-2 appraisal well, which is located approximately 3 km east-southeast of the Barquentine-1 discovery well, also indicated that the Oligocene reservoirs are in pressure communication between the wells, the companies said.

The drillship is now being moved to the south to drill the Camarao exploration well, which will also serve as an appraisal to the Windjammer discovery, the statements added.

(Sourced from DOMAIN B)