Browsing: Angoche basin

Mozambique has closed bidding for 16 offshore oil and gas exploration blocks — attracting bids on just six blocks, from a total of just two companies, Italy’s Eni and Chinese state-owned oil company CNOOC

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Mozambique is entitled to draw on $317.2 million in guarantees posted by major oil and gas companies, who have failed to meet deadlines to drill exploration wells on blocks they were awarded in the country’s fifth auction round

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