Mozambique to auction off new blocks for prospecting in Rovuma basin

25 April 2012

The Mozambican government is this year expected to launch a new auction for oil and gas prospecting blocks in the southern region of the Rovuma basin, near the places where US group Anadarko Petroleum and Italy’s ENI discovered large amounts of natural gas, a spokesman said in Maputo Tuesday.

Cited by the Reuters news agency, Arsénio Mabote, president of Mozambique’s National Oil Institute said that the auctioning of blocks that have yet to be explored would be open to everyone.

Mabote said that some companies, such as ENI, Exxon Mobil, BP, Petronas, Shell, Tullow Oil, Vitol, and Noble Energy, had already shown interest in taking part in the auction.

The president of the National Oil Institute said that Mozambique hoped to attract companies that had both the necessary financial and technical capabilities and that could help the country to develop an industrial sector based on natural gas. (macauhub)