Rosneft, ExxonMobil jointly bid for blocks offshore Mozambique

Rosneft and ExxonMobil have filed joint bids to participate in the fifth licensing round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo).

A total of fifteen blocks were included in the fifth licensing round, comprising some 76,800 sq km of acreage in the offshore Rovuma, offshore Zambezi, offshore Angoche, onshore around the Pande-Temane concession and onshore Palmeira areas.

According to Rosneft, the two companies decided to file joint bids for the participation in the licensing round for contract areas in the Angoche Basin and Zambezi Delta offshore Mozambique. The Russian company added that if the bids prove successful, ExxonMobil would become the operator.

The prospectivity assessment for the exploration on these contract areas was confirmed within the cooperation of both companies’ geological analysis, Rosneft has said in its statement.

Rosneft, ExxonMobil team up for Mozambique blocks_

The Russian oil and gas company has noted that participation in exploration and development projects in Mozambique is a new focus area of its international strategy.

Rosneft’s press release concludes: “These projects allow Rosneft to obtain access to high-quality assets, while abiding an effective investment policy. The partnerships with global industry leaders, such as ExxonMobil, allows the company to minimize the risks in the implementation of frontier exploration projects.”

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply