Mozambique Delays Oil, Gas Bid Round until July 30

Mozambique Delays Oil, Gas Bid Round until July 30
Mozambique's fifth oil and gas bid round will close on July 30, delayed from its previous April 30 deadline.

Reuters

MAPUTO, April 16 (Reuters) – Mozambique's fifth oil and gas bid round will close on July 30, delayed from its previous April 30 deadline, the government said on Thursday, without giving a reason.

The 15 exploration blocks on offer include three new areas of the northern Rovuma Basin, where U.S. oil major Anadarko Petroleum and Italy's Eni are developing multi-billion-dollar liquefied natural gas (LNG) export projects.

The latest bid round has been delayed several times.

The southern African country hopes to harness its vast natural gas reserves to become the world's third-largest LNG exporter, behind Qatar and Australia.

(Reporting by Manuel Mucari; Writing by Joe Brock; Editing by James Macharia)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Dispatcher Level 1 and Level 2
Expertise: Logistics Management
Location: Denton
 
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
 
Surface Land Professional Job
Expertise: Landman|Lease Analyst
Location: San Antonio, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours