Mozambique Oil & Gas: Negotiations for oil exploration in the Angoche basin continue

For illustration purposes only (Image courtesy of SEA\LNG)

Negotiation of the contract for prospecting and surveying for oil in Angola’s Area A5-A in the Angoche Basin in Nampula is proceeding as normal despite the withdrawal of Norwegian company Statoil, which was part of the consortium set up to explore the area, Mozambique’s National Oil Institute (INP) said.

Statoil and its partners, ENI of Italy and Sasol of South Africa, were granted that concession area under the 5th tender launched in 2014 by the government. However, the Norwegian company recently told the INP it planned to give up on negotiations for the respective prospecting and surveying contract.

The fifth international oil and gas surveying tender focused on 11 sea areas in the Rovuma, Angoche, Mozambique (Zambezi Delta) basins, and four onshore areas in the Mozambique Basin (Pande-Temane and Palmeira areas), covering a total of 74,259 square kilometres.

During the tender, twenty-three proposals were received, spread across 11 of the fifteen areas made available.

Following the evaluation of the proposals, the concessions were granted to the consortiums led by ENI Mozambico for the Angoche region, area A5-A, in the same location, and in area A5-B, the concession was awarded to Exxon Mobil E&P Mozambique Offshore Ltd.

This company will also lead research in the Zambezi region, in areas A5-C and A5-D, while Sasol Petroleum Mozambique Exploration will lead research in the Pande-Temane area, in areas PT5-C and Delonex Energy Ltd in the region of Palmeira, of Area P5-A. (source: Macauhub)

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