Mozambique in 2017 will launch a new tender for the research and exploration of oil and gas, according to the Reuters news agency.
José Branquinho, Director of Evaluation of the National Institute of Petroleum Resources (INP) of Mozambique, who is attending a conference in Cape Town, South Africa, said the institute’s strategy was to launch international tenders every two years.
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 cover an area of 74,259 square kilometres. (macauhub/MO)