Seven submitted bids for the hydrocarbon licensing round in Mozambique - Government

Seven international consortia submitted bids on the fifth research contest and gas production released in October by the Mozambican government, according to a media release by the National Oil Institute (INP).

According to the note, announcing that the tender has ended on Thursday, in the running for the exploration and production of hydrocarbons are seven consortia led by companies Total (France), Eni (Italy), ExxonMobil (USA), Troisade and Delonex (both from England), Rosneft (Russia) and Sasol (South Africa).

The competition focuses on 15 blocks in northern, central and southern Mozambique, with a total length of 74,402 square kilometres.

INP indicates that it will announce the tender results within three months, after assessing the impact on health and environment, technical expertise, financial capacity and economic advantages to the Mozambican state proposed by each of the competing consortia.

Gas reserves estimated at 200 trillion cubic feet of natural gas have been discovered in recent years in Mozambique in research carried out by consortia led by Italian Eni and the US Anadarko in the Rovuma basin, northern Mozambique.

The South African multinational Sasol is exploring natural gas in Pande and Temane in southern Mozambique, having built a 850 kilometre pipeline linking the gas fields to the company's industrial complex in South Africa.


Source: Lusa

Photo: INP