Monday, June 1, 2009

Sudan Rocks Huge Gas Find

Sudan reported it nailed a monster gas find:

White Nile Petroleum Operating Co., or WNPOC, has discovered significant amounts of dry, non-associated natural gas in onshore block eight, the company's Vice President Ali Faroug Abbas said Monday.

"We discovered gas in two wells -- Hosan and Tawakul -- in block eight," Abbas told Zawya Dow Jones in an exclusive interview in Abu Dhabi."Our plan now is to explore for more gas and oil in this block, and to commercialize it," Abbas said.

WNPOC, in which Sudan National Petroleum Corp., or Sudapet, and Malaysia's Petroliam Nasional Berhad, or Petronas, each own 50%, made a 108 billion cubic feet discovery in the block in March. In November, the company found 15 billion cubic feet of gas reserves at Hosan, Abbas said.

"We are hopeful we will find more gas in block eight. The potential (after initial tests) is for 16 trillion to 20 trillion cubic feet," he added.


So far, the only other gas discovery in Sudan was made in 2005 by Petroenergy E&P, which is a joint venture between Sudapet and China National Petroleum Corp., or CNPC, in block six. The gas will be used to fire a 400 megawatt power plant in the area.

- Brewskie

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