Mozambique ratifies Paris Agreement on climate change
The chairperson of Mozambique’s National Petroleum Institute (INP), Carlos Zacarias, on Thursday urged companies involved in hydrocarbon exploration to respect the country’s environmental legislation.
Speaking at the ceremony in Maputo that marked the launch of the study to collect 3D seismic data in the Zambezi Delta by the French Compagnie Generale de Geophysique (CGG), Zacarias pointed out that other activities, such as fishing, also take place in the areas covered by the study.
“We wish to stress the need for CGG to respect our laws, and the regulations in force in the country, and particularly the requirements for environmental safety”, he said.
Zacarias stressed the importance of assessing the size of the country’s petroleum resources. It was a government priority to gauge the volume of the resources and their location “which will allow the definition of policies and strategies for their eventual commercial exploitation”.
“It is most important that the state should have the necessary basic data, including 2D and 3D seismic data, and other information that makes this assessment possible”, he said. “We in the INP are very pleased to note that in recent years the petroleum data base has grown significantly”.
A decade ago no 3D seismic data was available, he said, but the country would now have more than 40,000 square kilometres worth of such data.
The work to be undertaken by CGG, as from mid-October, results from a tender for the production of geological and geophysical data in the country’s sedimentary basins, launched in 2016.
“CGG made the best bid”, said Zacarias, adding that the contract is only for the acquisition of seismic data, and “not to make a direct assessment of the potential of any specific area”.
It would be up to the INP, he explained, to assess the petroleum resources in the sedimentary basins, and gauge the economic value of any concession made to foreign investors.Source: AIM
The world is running out of sand