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Acreages
Mozambique Acreages

On August 26, 2008 Videocon through its subsidiary acquired a 10% Participating Interest from Anadarko Mozambique Area 1 Limitada ("Anadarko") in an Exploration and Production Concession Contract for Area 1 "Offshore" of the Rovuma Block, Republic of Mozambique.

The Area1 Offshore of the Rovuma Block covers 10,700 km2 (2.64 million acres), located in northern most Mozambique, includes approximately 365 km2 onshore (90,000 acres) and stretches eastward 35 miles (56 kilometers) offshore, where water depths extend down to 6,000 feet (1,800 meters). The block's boundary borders Tanzania to the north and extends southward about 100 miles (160 kilometers). The Rovuma Basin, is located in the northern offshore of Mozambique in the Mozambique Channel between the island of Madagascar and the East African coast. This Mozambique Channel covers about 1.3 million km2, equivalent to 1½ times the size of the North Sea. It is a frontier area with nine sedimentary basins with stratigraphic sections ranging up to 11000m.

Prosperidade

  • Windjammer # 2 - 169m net gas pay in Feb. 2010
  • Barquentine # 1 - 127m net gas in Oct 2010
  • Lagosta # 1 - 168m net gas pay in Nov. 2010
  • Camarao # 1 - 116m net gas pay in Oct. 2011

Golfinho-Atum

  • Tubarão # 1 - 34m net gas pay in Feb. 2011
  • Golfinho # 1 - 59m net gas pay in May 2012
  • Atum # 1 - 92m net gas pay in June 2012

Drilled Nine Appraisal Wells

  • Barquentine # 2 - 72m net gas pay in Aug 2011
  • Barquentine # 3 - 202m net gas in Nov 2011
  • Barquentine # 4 - 153m net gas pay in Mar. 2012
  • Lagosta # 2 - 237m net gas pay in Jan 2012
  • Lagosta # 3 - 176 m net gas pay in Feb 2012
  • Golfinho # 2 - 77m net gas pay in July 2012
  • Golfinho # 3 - 67m net gas payin Aug. 2012
  • Golfinho # 4 -50m net gas pay in Aug. 2012
  • Atum # 2 - in September 2012

Focus on Commercialization

  • Reserve Certification Expected in 2013
  • Progressing on Initial 2-Train LNG Facility
  • Anticipate 1st delivery in 2018
  • Designed for Expansion up to 10 Trains

Prosperidade

  • 17 - 30+ Tcf Recoverable Resources
  • Multiple Successful Flow Tests
  • ~100 MMcf/d Facility Constrained rate
  • Up to 200 MMcf/d for the purpose of Well Design
  • Appraisal Drilling completed


In Golfinho-Atum prospect four successful appraisal wells completed

  • Golfinho-2
  • Golfinho-3
  • Golfinho-4 and
  • Atum-2

Drilling of additional exploration prospects with significant potential and high probability of success of hydrocarbons presence is ongoing in the following Prospects

  • Perola Negra
  • Barracuda
  • Orca
  • Linguado