South African giant Sasol announced it has obtained approval from the Mozambique government to commence development of Oil and gas fields, the company has indicated in a latest release. Mozambique according to the earlier findings by the Oil and gas journal in 2014, posted natural gas reserves o 100 Trillion cubic feet (Tcf), up from 4.5
Giants Exxon Mobil, Eni and Sasol Emerge winners of Fifth Mozambique Oil Exploration Licencing Round
Oil giants Exxon Mobil, Eni and South Africa based Sasol emerged among the winners of the Mozambique’s lucrative exploration rights for fossil fuels off its Indian Ocean. Exxon Mobil dominated the bids by taking three blocks Out of the six The companies won the bids in Mozambique’s fifth oil and gas round issued by the
Oil Exploration; Major firms ignore Uganda, rush for Mozambican oil fields
Mozambique announced closure of the Fifth Licensing round of 15 blocks with hydrocarbon potential in the offshore areas of Rovuma, Zambezi and Angoche, and the onshore areas of Pande-Temane and Palmeira on July 30, 2015. Following a call for applicants that commenced in October 2014, the nation emerged from the Request for application process with seven