Búzi Hidrocarbonetos is already looking for buyers for the natural gas of Búzi, confirmed through researches made by the Indonesian company EMP. Even though the identification of the existing natural gas potential in the Búzi Basin, in Sofala, is still pending, Búzi Hidrocarbonetos already knows that the resource is marketable.
On the sidelines of a visit made by a delegation of Mozambican businessmen to the headquarters of the holding company, of which the petrochemical company is part, in Jakarta, the Indonesian capital, the CEO of Búzi Hydrocarbons, Taufan Rotorasiko, said that “we found two boreholes with gas and now we are working with a third one, in which we expect to confirm good quantities of resources.
However, as announced this year by the Council of Ministers, the definitive results about the natural gas potential in that region can only be known in 2024.
Gas research drilling in the region began in 2019, in a partnership between Búzi Hidrocarbonetos, with 75%, and the Mozambican state, with 25%, represented by Companhia Moçambicana de Hidrocarbonetos. It is still necessary to ascertain the quantities of the resource.
“We expect to invest about $15 million first, but we also plan to invest about $120 million to build the platform. So, it is a big investment for the country, and we hope that it will create great opportunities for us and for Mozambique,” added the CEO of Búzi Hidrocarbonetos.
