Indonesian petrochemical company BUZI Hydrocarbonet, which is currently exploring for hydrocarbons in the Búzi block in Sofala province, central Mozambique, is interested in expanding its natural gas exploration and exploitation operations.

In a NewsAfter a meeting with the managers of the Indonesian petrochemical company, Rudêncio Morais, Research and Production Manager at Empresa Nacional de Hidrocarbonetos (ENH, EP), revealed that BUZI Hydrocarbonet has shown interest in participating with the company he manages in other research and production blocks or in others in the development phase.

According to Rudêncio Morais, these are elements to be matured and discussed so that Mozambique continues to have more knowledge about its resources, ensuring the participation of national staff in the projects.

The source explained that ENH has a wealth of information that allows it to analyze the potential of blocks that have already been part of past tenders and that can be subject to direct negotiation with the regulator.

"We have a list of blocks that at the right time, depending on the conditions presented by Buzi Hydrocarbonet, we can evaluate those that could be the subject of a partnership with ENH," said Morais, adding that "the advantage that ENH takes from relations with Buzi Hydrocarbonet is to negotiate the best forms of participation, allowing the project to be financially lighter and more beneficial."

Still on the subject of the business model adopted with Buzi Hydrocarbonet, the manager pointed out that it was different from other projects, "as it allows ENH's participation to be supported by the partner".

"In the current model there is no need for ENH to seek investment in the development phase, and it can pay for it at the start of commercial production," he noted.

In Sofala, Buzi Hydrocarbonet operates the Búzi block with 75% of Participatory Interest and ENH 25%, and the project could start producing natural gas in 2026.

(Photo DR)