5th Mozambique Hydrocarbon Exploration Tender closes today at 12h00m

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(2015-07-30) The fifth international tender round for Mozambique hydrocarbon research and production areas closes at 12h00m today, Thursday, July 30, at the National Institute of Petroleum (INP) in Maputo. It will award 15 new blocks for hydrocarbon exploration and production in Mozambique.

The tender process, launched simultaneously in Maputo and London on October 23 2014, covers maritime areas – three in the Rovuma basin, two in Angoche and six in the Zambezi Delta – and on-shore areas – three in Pande-Temane and one in Palmeira – 15 blocks totalling 76,802 square kilometres.

The recent discovery of gas reserves in the Rovuma basin had led to international pressure on the INP to launch a new program for the granting of research areas.

It is thought that the Rovuma basin could hold up to 200 trillion cubic feet of gas, reserves which could propel Mozambique into a potential third place among global natural gas exporters when exploration starts in earnest.

Mozambique’s sedimentary basin has already provided remarkable discoveries in Pande-Temane, where South African energy giant Sasol is already operating, while the gas and light oil reserves of Inhassoro remain to be assessed.

The Palmeira region, further south, was the scene of exploration even in the colonial period, but it is believed that modern technologies will establish the potential of the area with greater certainty.

Source: Macauhub

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