Naming successful bidders for 5th Licensing Round in Mozambique will bring US$691 million spending and 8 deepwater wells drilling in the First Period of Exploration over the following 4 years,
|Operator||Block||Field||Investor||Drilling Plan of First Period|
|3 wells and 4400sq km of 3D seismic.|
|2 wells and 8000sq km of 3D seismic.|
|1 well, 1500km of 2D seismic and 2500sq km of 3D seismic.|
|2 wells and 3500sq km of 3D seismic.|
Deepwater exploring activities develop rapidly in Mozambique since Anadarko and Eni made their massive discoveries in 2010-2011. Now the government plans to hold bidding round every two years and the next one will be in 2017.
How will the exploration strategy take into effect under the current rapid growth in Mozambique?
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