Mozambique Extends Bidding for Oil & Gas Blocks
Mozambique has extended by over three months a licensing round for 15 new offshore and onshore blocks for gas and oil exploration and production, a senior government official said on Monday. When the blocks were unveiled in October, the government said bids would be accepted until Jan. 20, 2015. That has now been extended until April 30 because of the level of interest and company requests for additional time, Arsenio Mabote, chairman of the National Petroleum Institute, told Reuters.
Mozambique Offers New Oil & Gas Terms
Amended law opens way for fresh bidding rounds; legislation requires partnership with state oil firm ENH. LNG processing projects to operate under special regime and Mozambique chasing 2018 target for first LNG export. Mozambique's parliament has passed an amended petroleum law that will allow the government to issue new gas and oil exploration licences but it also requires investors to partner with the state oil firm, the mineral resources minister said on Friday.
