Results of first oil prospecting well in Nampula province, Mozambique, available in September

31 July 2012

The results of the first oil prospecting well drilled in Memba, in the Rovuma basin, off the coast of Nampula province in Mozambique, are due to be presented in September, said the spokesman for the Nampula Provincial Directorate for Mining Resources and Energy, Fila Lázaro.

Noting that, “we are all anxious” to find out the results of the drilling, Lázaro, cited by free distribution newspaper A Verdade, said that if the results were positive it would make it possible to increase tax revenues and provide more jobs in a number of related areas.

The spokesman also said that practically all districts of the province were benefitting from prospecting for mining projects, notably iron ore. So far, he said, 50 projects have been authorised, 15 of which for iron ore, which are mainly concentrated in the north of the province.

The spokesman for the Provincial Directorate for Mining Resources and Energy (DIPREME), said that expectations were high in relation to the prospecting projects as the province has a wealth of resources, particularly precious stones.

Lázaro said that of all the companies involved in prospecting and exploration of mining resources, Kenmare Resources was the province’s main taxpayer due to its heavy sands project at Moma. (macauhub)