Norsk Hydro to drill for oil in Rovuma basin, Mozambique

20 February 2006

Maputo, Mozambique, 20 Feb – Norwegian oil company Norsk Hydro is to drill for oil in the Rovuma river basin, in Central Mozambique, after obtaining a license from the Mozambican government last week, according to local press reports.

According to daily newspaper Notícias, Mozambican state oil and gas company, Empresa Nacional de Hidrocarbonetos, will have a 10 percent stake in the company responsible for oil drilling in the area, where in the 1980s some positive drilling was carried out.

The concession-holder will be responsible for blocs 2 and 5, under the terms of the contract signed at the end of last week, in a ceremony attended by the vice-president of Norsk, Norway’s ambassador to Mozambique, Thorbjorn Gaustadsater, Mozambique’s Minister for Mineral Resources and members of the Cabo Delgado provincial government.

Norsk Hydro also recently presented a proposal for exploring other blocs in the Rovuma basin, a tender which ahs also been applied for by Brazil’s Petrobrás, Malaysia’s Petronas, and Italy’s Eni, US company Anadorko and Canada’s c Artumas.

The tender for granting licenses to drill in the Rovuma basin was launched in June last year in London by Mozambique’s National Petroleum Institute (INP). (macauhub)