Anadarko doubles its gas forecasts in Mozambique

US oil company Anadarko Petroleum said yesterday its major gas finds in offshore Mozambique were around twice as large as it earlier thought, adding support to hopes that East Africa will become another major gas production centre.

Anadarko said yesterday that the results of its Barquentine-3 appraisal well showed its fields had recoverable reserves of 15 to over 30 trillion cubic feet (Tcf) of natural gas – compared to total UK gas reserves of 9 Tcf, according to the BP Statistical Review of World Energy.

“This could be one of the most important natural gas fields discovered in the last 10 years,” said Anadarko chairman Jim Hackett.

Previously, Anadarko said the fields, in which Japan’s Mitsui & Co and Dublin-based Cove Energy have stakes, held “at least 10Tcf” of gas. It said the results supported its plans to build a liquefied natural gas export facility in Mozambique.