MOZAMBIQUE: Eni, CNOOC Seek Exploration Rights in the Angoche & Save Basin
International energy companies Eni Mozambico SpA and CNOOC Hong Kong Holding Limited, last week submitted proposals to explore areas under the 6th Licensing Round for the concession of areas for oil and gas exploration and production.
Eni showed interest for the area A6-C, in Angoche, and CNOOC for the areas S6-A, A6-G, A6-D, S6-B and A6-E, located in Angoche and Save, respectively.
It should be noted that the two companies propose to form a partnership with Mozambique’s National Oil Company, namely Empresa Nacional de Hidrocarbonetos, E.P, distributing the participating interest as follows:
- A6-C – ENI operator (60%) and ENH partner (40%).
- S6-A – CNOOC operator (70%) and ENH partner (30%).
- A6-G – CNOOC operator (79.5%) and ENH partner (20.5%).
- A6-D – CNOOC operator (77.5%) and ENH partner (22.5%).
- S6-B – CNOOC operator with 77.5% and partner ENH (22.5%).
- A6-E – CNOOC operator with 80% and partner ENH (20%).
Speaking to the representatives of the energy companies, during the opening ceremony of the proposals, Nazário Bangalane, Chairmanof the upstream regulator, the National Petroleum Institute – INP, thanked Eni and CNOOC for their interest in investing in those areas with proven petroleum potential and stressed that the evaluation process of the proposals will be made by a multisectoral team composed of senior officials from different state institutions with technical capacity and experience in evaluating such proposals, assisted by an external consultant, in order to ensure a fully transparent process.
The deadline for submission of proposals ended today and the announcement of the results is expected to take place by 30th December 2022.