Mozambican government prepares new tenders for oil and gas prospecting

23 May 2013

The Mozambican government is adding to the country’s geological database with a view to launching, this year, new tenders for concession of oil and gas prospecting blocks, the chairman of the Mozambican National Oil Institute said in Maputo.

Arsénio Mabote said that seismic and aeromagnetic surveys were being carried out, both onshore and offshore, and that the information from these surveys would then be provided to companies interested in making tender proposals.

At an international conference on energy held in the Mozambican capital, Mabote said that he had been asked on a regular basis to launch new tenders and that the surveys being carried out would help companies to put forward more solid proposals.

The chairman of the National Oil Institute said that alongside the new tenders legislation was under review with a view to accommodating gas projects, such as the natural gas liquefaction and coal gas industries.

He also said that from an oil and gas surveying point of view the Mozambican coast was as yet unexplored, given that over 170 trillion cubic feet of natural gas have so far been discovered within a radius of just 50 kilometres.

“We have a lot of mining resources, but if we could find oil that would be even better,” said Mabote, reiterating that the geological characteristics of the Mozambican coast point to the existence of liquid hydrocarbons. (macauhub)