Communication - Presse
Mozambique 6th Licensing Round: Contracts with Eni and CNOOC to be signed this year – INP
The National Petroleum Institute (INP) revealed that, by December of this year, concession contracts will be signed with the winning companies of the 6th licensing round for the research and production of hydrocarbons – the Italian company Eni and the China National Offshore Oil Corporation (CNOOC).
According to INP’s Nazário Bangalane, the technical sessions to clarify the contractual terms are at an advanced stage, highlighting that “almost two years since the launch of the competition, we are immensely satisfied that we have managed to clarify most of of the concerns that investors have raised with our technical team”.
According to Bangalane, the interest shown by the winning companies in investing in the research and production of hydrocarbons in Mozambique, “is evidence of the importance of the country’s sedimentary basins and the energy potential it has within the scope of the energy transition”.
“The contracts will be valid for at least eight years, which will allow operating companies to mature the research process during this period, in such a way as to ensure that more resources are produced, with particular emphasis on natural gas, ensuring the injection of cleaner and more accessible energy in the national and international market,” Bangalane clarified.
The 6th Licensing Round was launched in November 2021 in Maputo and 13 companies competed, including China National Offshore Oil Corporation Hong Kong Holding Limited CNOOC; SINOPEC International Energy Investment Limited; ENI Mozambico SPA; ExxonMobil Mozambique (Offshore) Limited; the Petro-China International Iraq FZE; Total Energies EP New Venture; RN Angoche PTE; the Joint Stock Company Novatek; Qatar Petroleum Mozambique Limited; Sasol Africa (PTY) LTD; ONGC Videsh Limited; and Discovery Exploration Limited.
