Mozambique gas play could extend to Comoros

ION Geoventures has completed acquiring an additional 2,330 km (1,448 mi) of 2D seismic for Bahari Resources and Discover Exploration offshore the Union of the Comoros.

Aug 18th, 2014

Offshore staff

NAIROBI, Kenya – ION Geoventures has completed acquiring an additional 2,330 km (1,448 mi) of 2D seismic for Bahari Resources and Discover Exploration offshore the Union of the Comoros.

The license area, which covers blocks 35, 36, and 37 and totals around 18,000 sq km (6,950 sq mi), is in the western part of the Comoros and is outboard of the giant gas finds inMozambique Areas 1 and 4.

The new survey follows ratification in March of the companies’ production-sharing contract by theNational Assembly of the Comoros and the earlier acquisition of 1,570 km (976 mi) of ION’s East AfricaSPAN 2D seismic survey.

Bahari/Discover now have a data-set of more than 3,900 km (2,423 mi). Interpretation to date suggests the reservoir play fairway that hosts the gas deposits off Mozambique extends into the Comoros license area.

Peter Wakeling, CEO of Bahari Resources, said: “We are on track to exceed our total work commitment within the first year of our initial four-year exploration period and to have set the stage for a 3D seismic and drilling campaign.”

08/18/2014

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