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Mozambique to announce results of 6th hydrocarbon prospecting and research tender in December

Following recent discoveries, Mozambique currently regarded as one of world’s most desirable destinations for investment in hydrocarbon prospecting.

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Following recent discoveries, Mozambique currently regarded as one of world’s most desirable destinations for investment in hydrocarbon prospecting.

ARTICLE BY

PUBLISHED

UPDATED: 22 Dec 2023, 4:42 am

Mozambique’s National Petroleum Institute (INP) expects to release the results of the sixth tender for hydrocarbon prospecting and research by the end of this year, chairman Nazário Balangane has said.

Balangane said that the potential of Mozambique will allow the country to supply gas not only to Mozambique but also to the world.

“The Pande and Temane projects are already advanced, but other opportunities arise, such as the Petroleum Sharing Agreement in Inhassoro. We also have Coral Sul, which is starting to come online. We want these projects to be developed,” Balangane said.

Regarding the sixth oil and gas licensing round launched in November last year, INP recently announced that 12 companies have pre-qualified – six of them operators and the rest non-operators.

Among the companies which pre-qualified, four are Chinese or joint-ventures with Chinese groups.

The list of companies provided by the National Petroleum Institute (INP) includes, as operators: China National Offshore Oil Corporation, Hong Kong Holding Limited (CNOOC), SINOPEC International Energy Investment Limited, ENI Mozambico SPA, ExxonMobil Mozambique (Offshore) Limited, Petro-China International Iraq FZE and Total Energies Ep New Venture.

Non-operating companies include RN Angoche PTE, Joint Stock Company Novatek, Qatar Petroleum Mozambique Limited, Sasol Africa (PTY) Limited, ONGC Videsh Limited and Discovery Exploration Limited.

Given the discoveries in the Rovuma Basin, Cabo Delgado province, Mozambique is currently regarded as one of the world’s most desirable destinations for investment in hydrocarbon prospecting.

 

UPDATED: 22 Dec 2023, 4:42 am

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