LONDON – Bahari Resources has won formal approval for an exploration and production-sharing agreement (EPSA) from the National Assembly of the Union of the Comoros.
The islands’ government signed the EPSA following implementation of a new Petroleum Code at the start of this year.
The Comoros are an archipelago of islands in the Mozambique Channel of the Indian Ocean, between Madagascar and East Africa, bordering Mozambique, Tanzania, the Seychelles, Madagascar, and the Glorioso Islands.
Bahari’s license area takes in blocks 35, 36, and 37 and covers around 18,000 sq km (6,950 sq mi) offshore the Comoros. It is adjacent to the Rovuma gas basin, offshore Mozambique, where Anadarko and Eni have proven 175 tcf of in-place gas in Area 1 and Area 4.
Existing 2D seismic suggests the Rovuma basin floor fans could extend into the EPSA license area.
Bahari, working with partner Discover Exploration, will conduct a phased seismic and drilling program, and complete a regional study of the entire Comorian territory on behalf of the government. Seismic work is expected to start in 2Q 2014.
Discover was founded by the former management of Cove Energy, one of Anadarko’s original partners in its breakthrough exploration campaign off Mozambique.