Andarko Petroleum signs contract with Mozambique next week

17 November 2006

Cape Town, South Africa, 17 Nov – The Andarko Petroleum Corp. is due to sign a contract with Mozambique next week for hydrocarbon mining in the Rovuma river delta, the company’s head geologist said Thursday in Cape Town.

During an oil conference in South African Martin Evans, who is also vice president for ultra deep water drilling, said that the contract would be signed without fail next week.

The company, which is headquartered in Houston, Texas, this year won the exploration rights of the Rovuma delta, which covers an area of 60,000 square kilometers on the coast of the provinces of Nampula and Cabo Delgado in northern Mozambique.

Mozambique opened up its doors to foreign oil companies in an effort to rebuild its economy, which was devastated by the civil war that followed its independence from Portugal in 1975. (macauhub)