Foreign firms bid to explore oil, gas in Mozambique – National Petroleum Institute

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Foreign firms bid to explore oil, gas in Mozambique – National Petroleum Institute

5:40 CAT | 23 Dec 2016

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Foreign companies including South Africa’s Sasol petrochemicals group are bidding for licenses to exploit oil and gas fields across Mozambique, the National Petroleum Institute (INP) said on Friday.

INP said in a statement it had closed the fourth tender for the concession of areas for exploration and production of hydrocarbons in various regions of the country, with six companies showing interest to bid.

Currently around a dozen multinational oil companies are involved in research activities and exploration for hydrocarbons in Mozambique.

Source: Reuters