Rosneft and ExxonMobil partner to explore for oil in Mozambique

31 July 2015

RN-Exploration and Exxon Mobil Exploration and Production Mozambique Offshore Limited have submitted a joint proposal to the 5th international tender for the concession of areas of research and production of hydrocarbons in Mozambique, the international press reported.

RN-Exploration is a 100 percent-owned subsidiary of Rosneft of Russia and Exxon Mobil Exploration and Production Mozambique Offshore Limited is also a 100 percent subsidiary of US group ExxonMobil.

The two companies submitted a joint proposal, in which the US company is presented as an operator, to areas in the Angoche basin (A5-A and A5-B) and the Zambezi delta (Z5-C and Z5-D).

In a statement, Rosneft recalled that the partnership with ExxonMobil was strategic, and that the two groups work together in the Sakhalin-1 project.

ENI of Italy and Sasol of South Africa also submitted proposals for this tender, whose results will be known within two to three months, according to the president of the Mozambique National Oil Institute, Arsenio Mabote.

This tender, launched simultaneously in Maputo and London on 23 October 2014, includes offshore areas, three in the Rovuma basin, two in Angoche and six in the Zambezi delta and onshore areas, three in Pande/Temane and Palmeiras, which altogether cover an area of 76,802 square kilometres.

The Rovuma basin has been the scene of major discoveries (200 trillion cubic feet of natural gas) in recent years, exploration of which, according to the established program, could make Mozambique the third largest natural gas exporter in the world.

In turn, the Mozambique sedimentary basin has already seen remarkable discoveries in Pande/Temane, where South African group Sasol already operates, and the gas and light oil in Inhassoro has yet to be assessed.  (macauhub/MZ)

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