Mozambique: Oil companies invest US$680 million per year in Rovuma basin

27 October 2008

Pemba, Mozambique, 27 Oct – The five companies operating in the Rovuma sedimentary basin, in the Mozambican province of Cabo Delgado, are investing over US$680 million per year on oil surveying activities, Mozambique’s Natural Resources Minister said in Pemba.

According to Mozambican newspaper Notícias, Esperança Bias also said that the growth seen in the sector required an increase in institutional capacity with technicians capable of taking part in and interacting with companies in both the analysis and interpretation of geological and geophysical data, as well as in scheduling future work.

“Training national technicians and boosting the institutional capacity of Mozambican entities linked to the oil sector is part of the responsibility of companies. It is in this context that we are putting in place a training programme for national technicians in different areas related to oil,” she said.

As well as Malaysia, according to Bias, Mozambicans have been trained in countries with experience in surveying, production and sale of oil, such as Angola, Brazil, the Netherlands and Norway.

The ministry is currently working with educational facilities, particularly the Geology Department of Eduardo Mondlane University (UEM) to include oil sector subjects in courses given in Mozambique.

Speaking specifically about Cabo Delghado, the minister said that surveying activities were underway, both on land and at sea, proven by the presence of several operators and which were expected increase.

In 2009, three new test wells are due to be drilled, one on land and two at sea, as well as those that will be drilled for surveying for base metals. (macauhub)