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
Browsing: sixth licensing round
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Mozambique tendered 16 new oil and gas exploration blocks at the launch of the country’s sixth licencing round on Thursday, 25 November
Oil companies that have previously expressed interest in the new round include TotalEnergies, ExxonMobil, Eni, Sasol, Shell, BP and China’s CNOOC
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Minister Max Tonela said the government must first improve regulations to allow “a better optimization or maximization of these resources for Mozambique” before launching the next oil and gas block round
Mozambique’s petroleum regulator hopes to launch a sixth exploration licensing round this year, but is still reviewing some legal aspects of the bidding process and deciding which blocks to put up for auction.
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