Mozambique kicks off licensing round in London
Mozambique has kicked off its 5th Licensing Round show today being October 23rd at the Hilton Park, London, under the auspices of H.E Esperanca Laurinda Francisco Nhiuane Bias, the minister of mineral resources. In a release by the INP – the nation’s regulatory body the road show is a prelude to the competitive bidding for exploration of 15 blocks with potentials for hydrocarbon in the offshore areas of Rovuma, Zambezi, Angoche and also at the onshore zones of Pande-Temare and Palmeira.
The massive discoveries of gas at Rovuma Basin made Mozambique center of attraction for gas projects. The forth coming licensing round is expected to have the participation of major and independent oil companies. The great success of Anadarko, Eni, Statoil and Tullow changed the business landscape and made Mozambique to be the beautiful bride of Southern Africa.
According to Adi Karev, the global oil and gas leader at Deloitte Touche Tohmatsu, the recent huge discoveries of gas offshore Mozambique are significant due to the large size of the reserves and also because of the country’s proximity to the markets in Asia.
The short time between when the government of Mozambique will announce the upcoming round and the month of January 2015 when the bidding and licensing will take place warrants that companies that are interested to participate in the licensing round must walk round the clock to meet official deadline.
It should be recalled that Mozambique in this past August published a New Hydrocarbon Law ((Law nº 21/2014) which is the new legal framework for exploration and production activities in the country.