Anadarko Announces Mozambique Gas Find

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Anadarko Petroleum, the second-largest U.S. independent oil and natural gas producer, announced that its Barquentine-2 appraisal well off the coast of the African nation of Mozambique encountered evidence of gas in the country's Rovuma Basin. The well was drilled to a depth of 13,500 feet and encountered more than 230 feet of net pay in Oligocene-age reservoirs, according to Upstream Online.

Texas-based Anadarko (APC) has been one of the most active Western energy in Mozambique, leading the way in development of the country's natural gas resources. Barquentine-2 was the first well to be drilled as part of the Windjammer project, which Anadarko estimates, along with surrounding areas, holds 6 trillion cubic feet of recoverable gas reserves.

Anadarko, which holds a 36.5% operating interest in the project, said the find matches its expectations and confirms previous seismic modeling, Upstream Online reported. The company also plans to partner with other firms to build a liquefied natural gas plant in the region, though no further details on that project were provided.

Demand for liquefied natural gas is soaring due to high oil prices and the desire of Asian emerging markets to reduce their pollution footprints. Anadarko announced a series of high-potential gas finds off the coast of Mozambique last year and earlier this year.