Maputo, Mozambique — 23 May 2013 – The government of Mozambique is adding to the country’s geological database with a view to launching new tenders later this year for the concession of oil and gas prospecting blocks in the country.
Macauhub News Agency quotes Mozambican National Oil Institute chairman Arsénio Mabote as saying that seismic and aeromagnetic surveys are being carried out, both onshore and offshore, and that the information from these surveys would be provided to companies interested in making tender proposals.
Addressing an international conference on energy held in the Mozambican capital, Mabote said that he had been asked on a regular basis to launch new tenders, and that the surveys being carried out would help companies to put forward more solid proposals.
The chairman of the National Oil Institute said that alongside the new tenders, legislation was under review with a view to accommodating gas projects, such as the natural gas liquefaction and coal gas industries.
He added that from an oil and gas surveying point of view the Mozambican coast was as yet unexplored, given that over 170 trillion cubic feet of natural gas have been discovered so far within a radius of just 50km.
“We have a lot of mining resources, but if we could find oil that would be even better,” said Mabote, reiterating that the geological characteristics of the Mozambican coast point to the existence of liquid hydrocarbons.
Source: Macauhub News Agency. For more information, click here.