Mozambique Announces Awards for Northern Oil Exploration Blocks
Posted on: Friday, 10 March 2006, 09:00 CST
Mozambique announces awards for northern oil exploration blocks
LUANDA, March 9 (Xinhua) -- Mozambican Mineral Resources Minister Esperanca Bias announced the results of an international tender for five oil exploration blocks in the country's Rovuma River basin Thursday.
According to reports reaching here from Maputo, Bias said Italian ENI, U.S. Anadarko, Canadian Artumas and Malaysian Petronas won the bids with a pledge to invest about 250 million euros (about 300 million U.S. dollars) and drill eight exploratory wells in the northern basin.
Awards in the auction, which was launched last July, will be formalized in April, Bias said.
By the wayside remained bids by Brazil's Petrobras, South Africa's Rockover and Norway's Norsk Hydro.
The Norwegian oil company earlier won exploration rights to two other Rovuma blocks.
Bias said the four winners had agreed to invest 2.3 million euros in social and professional training programs in the northern region.
The Rovuma River serves as Mozambique's border with Tanzania.
Source: Xinhua News Agency - CEIS
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