Exxon, Eni, Sasol Bid for Mozambique's Unexplored Fossil Fuel Bounty

Source: Reuters 7/30/2015, Location: Africa

Exxon Mobil, Italy's Eni and South Africa's Sasol are among the firms that submitted bids to explore new blocks for fossil fuels in Mozambique and off its Indian Ocean coastline, a senior official said.

A total of fifteen blocks in some 76,800 sq km were included in the fifth licensing round for which the Institute of National Petroleum (INP) closed bidding.

The successful bidders will be announced "within the next 2 to 3 months" INP chairman Arsenio Mabote said.

Nine companies in total submitted proposals for the blocks on offer including Canoverseas, Troisade, Total, Namoza, Delinex, Petrolinvest, Exxon, Eni and Sasol.

The blocks on offer include three new areas of the northern Rovuma Basin, where Eni and U.S. oil major Anadarko Petroleum Corp are already developing multi-billion-dollar liquefied natural gas (LNG) export projects.

Mozambican officials expect more than $30 billion will be invested initially in the natural gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas (LNG), with first exports due to start in 2018.

The southern African nation is hoping revenue from its large natural gas deposits and its fledgling coal mining industry will help it emerge from years of poverty and aid dependence.


United States >>  4/13/2021 - bp has announced an oil discovery at the Puma West prospect in the deepwater U.S. Gulf of Mexico.

The well, on Green Canyon Block 821,...

Mongolia >>  4/12/2021 - Petro Matad, the AIM quoted Mongolian oil company, has provided an operational update.

Block XX Exploitation Licence

Prog...


Trinidad and Tobago >>  4/12/2021 - Touchstone Exploration has announced the completion of flowback testing of the Cascadura Deep-1 well, confirming a liquids rich natural gas discovery....
United States >>  4/12/2021 - 88 Energy has provided a further update related to its operations in the NPR-A region of the North Slope of Alaska.

Highlights


Brazil >>  4/9/2021 - The Board of Directors of Petrobras approved the signature of an agreement with the Federal Government that establishes the participations in each con...
United Kingdom >>  4/7/2021 - Finder Energy is pleased to announce that it has been awarded a 100% interest in the P2528 Licence in the 32nd UK Offshore Licensing Round. ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.