Middle East / Africa >>> Mozambique

Mozambique:New Mozambique Rovuma bidding round this year after huge gas discoveries by Anadarko, Eni

26 Apr 2012

Reuters reported that Mozambique will launch another round of bidding for blocks in the southern part of the offshore Rovuma basin, near where Anadarko Petroleum and Eni have made gas discoveries, an official said on Tuesday.

Arsenio Mabote, the chairman of the National Petroleum Institute , also said the bidding will be open to all on a competitive basis.

‘We are planning to launch a new bidding round for non-exploited offshore areas in the southern part of the Rovuma basin by the end of this year,’ he told Reuters on the sidelines of an energy and mining conference.

A number of companies, including Eni, Exxon Mobil, BP, Malaysia's Petronas, Shell, Tullow Oil, Vitol and Noble Energy, have expressed an interest in future bidding rounds, he said.

Mabote said Mozambique held recoverable resources of around 100 trillion cubic feet (tcf) of gas.

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Source: Reuters