Mozambique: Mozambican government grants concessions for two oil prospecting areas

3 September 2008

Maputo, Mozambique, 3 Sept – South African company Sasol Petroleum International and international consortium Osho were named as the concession-holders of two sedimentary basin areas in Mozambique, the Mozambican Mining Resources Ministry said Tuesday.

According to Mozambican newspaper Notícias, the public tender launched in December 2007 for the concession of nine potential hydrocarbon areas in Mozambique, received proposals for just three of the areas.

The areas are located in Inhambane province and the Rocuma basin, in Cabo Delgado province next to the border with Tanzania.

The tender was grouped into two land-based areas, two shallow water areas the depth of which does not exceed 600 metres and five deep water areas of over 600 metres in depth.

The Mining Resources Ministry also said that proposals for one of the areas did not meet minimum requirements and therefore the area had not been attributed to any of the applicants.

The Osho consortium is made up of companies OPII – Orient Petroleum International Inc. of Pakistan, ETA Star Holdings Ltd. of the United ARab Emirates and Mozambique’s Osho Energia Limitada. (macauhub)