Mozambique floats hydrocarbons tender

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eni lauds gas success article photo gal clearing agentMozambique’s National Petroleum Institute has launched its fifth tender for hydrocarbon prospection blocks, APA learnt here on Monday.State-controlled Radio Mozambique said the tender was launched last week simultaneously in Maputo and in London by Minister of Mineral Resources, Esperanca Bias who officiated at the London ceremony.

According to the Maputo-based broadcaster, Mozambican and foreign companies interested in exploring for petroleum and gas in Mozambican sedimentary basins have until 20 January 2015 to submit their bids for one or more of the 15 blocks covered by the tender.

The station quoted Jose Branquinho, director of resource assessment in the Ministry of Mineral Resources as saying during the Maputo launch that the tender had been awaited with great expectation by both domestic and international hydrocarbon companies.

Huge discoveries of natural gas have been made by US firm Anadarko and ENI of Italy in two blocks of the Rovuma basin off the coast of the northern province of Cabo Delgado. So far the reserves discovered total around 200 trillion cubic feet of gas.

Three of the blocks in the new tender are also in the Rovuma Basin, while the remaining 12 are in the Mozambique Basin, eight offshore and four onshore.

The Mozambique Basin covers an area of half a million square kilometres, stretching from the Zambezi Delta to the border with South Africa.

Branquinho said that companies interested in bidding for the blocks would have to prove their technical and financial capacities since hydrocarbon exploration, particularly offshore, involves sophisticated technology and large sums of money.