A Company From China Received Licenses to Search For Oil&Gas on the Mozambique Shelf
The licenses provide for CNOOC to carry out geological exploration work in these areas, which includes, among other things, obtaining 3D seismic data from an area of 26 thousand square meters. km and drilling of at least four exploration wells
Licenses for oil and gas exploration in five areas on the Mozambique shelf were received by the China National Offshore Oil Corporation (CNOOC) as part of an international tender. Ecofin agency reported this.
Two sites are located in shallow waters in the Save zone, she notes. The rest are deep-sea, east of the city of Angoche located in the north of the country.
The licenses provide for CNOOC to carry out geological exploration work in these areas, which includes, among other things, obtaining 3D seismic data from an area of 26 thousand square meters. km and drilling of at least four exploration wells.
The agency notes that CNOOC now operates in the energy sector in a number of other African countries, including Algeria, Nigeria and Gabon. The company is negotiating with the Angolan authorities about a major project to search for oil and gas.
Africa’s largest deep-sea oil and gas field was discovered in 2010 on the shelf of northern Mozambique in the Rovuma area. According to the latest estimates, the total volume of recoverable gas from areas already surveyed is 2 trillion cubic meters. m. The first batch of liquefied gas in the history of Mozambique was delivered to the world energy market in the fall of 2022. Mozambique’s revenues from natural gas exports amounted to $1.7 billion last year.
