INP of Mozambique announces concessions for oil and gas research and exploration

29 October 2015

The National Oil Institute (INP) of Mozambique announced Wednesday the results of the fifth tender for concession areas for research and production of oil and gas in 11 offshore areas and four onshore areas, which will represent an investment of US$700 million over the next four years.

Eni Mozambico S.p.Apartnering Sasol Petroleum Mozambique Exploration and Statoil Holding Netherlands BV, received the area of Angoche (A5-A area) for a period of four years while Exxon Mobil E&P Mozambique Offshore Ltd, in partnership with RN-Exploration LLC (Rosneft) and Mozambican state oil company ENH received three areas for research and exploration in Angoche district (A5-B area) and in the Zambezi Delta (Z5-C and Z5-D areas) all in Mozambique’s offshore.

Sasol Petroleum Mozambique Exploration Ltd, partnering ENH, received the PT5-C area in Pande/Temane, and Delonex Energy Ltd in partnership with Indian Oil Corporation Ltd, received the P5-A area in Palmeira.

The concession areas on land and at sea have a total area of ​​74.259 square kilometres.

The tender was launched on 23 October 2014 for research and exploration of hydrocarbons in 11 areas in the sea, in the basins of the Rovuma, Angoche rivers and the Zambezi Delta and four onshore in Pande/Temane and Palmeiras. The tender received a total of 23 proposals.

A note from INP said, “the proposed research programmes for the next four years have the potential to enable investments amounting to approximately US$700 million and are expected to drill a minimum of 10 wells, eight of which in deep water.”(macauhub/MO)