"Assuming that the drilling success is continued you would expect to see consolidation around probably one mega-terminal" for Mozambique and one in Tanzania, Ophir Chief Executive Officer Nick Cooper said in an interview. "Obviously the bigger fish tend to eat the smaller fish."Back to top
BP had been in talks on East Africa projects with Ophir, while Shell teamed up with Petroleo Brasileiro SA in October to explore off Tanzania.
"It's obviously a basin where many people of the world are looking closely," said Shell's executive director for exploration and production, Malcolm Brinded.
Tanzania, where Ophir's Cooper reckons exploration has lagged 18 months behind Mozambique, will be a focus of drilling this year. Ophir and its partner BG Group Plc have so far found about 4 trillion cubic feet of gas in the East African country, where a per capita income of $1,400 ranks it 201st in the world, according to the Central Intelligence Agency's fact book.