Third oil strike for Cove’s group

A partnership between Cove Energy, Videocon Industries, Anadarko Petroleum, BPRL Ventures and Mitsui E&P has discovered major natural gas presence off the coast of Mozambique. The discovery well at the Lagosta prospect has a net 550 feet of natural gas find, Videocon said in a statement. The group has made three discoveries in the area, and is looking into ways to commercialise liquefied gas from the region.