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Mozambique Receives Seismic Survey Results For Rovuma Basin

09-26-2008

The Mozambican government has received the first results of the seismic survey carried out in the Rovuma basin, Carlos Zacarias, projects director for the National Oil Institute (INP) said in Maputo Friday.

During a meeting between the government and representatives of the oil companies operating in Mozambique, Zacarias also said that the seismic data was of “great quality” and that it was currently being analysed.

Oil exploration has been going on and off both on land and at sea in Rovuma and the Mozambican government granted licenses to Anadarko (United States), Artumas (Canada), ENI (Italy) and Norsk Hydro (Norway).

The four companies have already invested around US$300 million on testing work, in five blocs in the Rovume basin.

Malaysian company Petronas is currently searching for oil in the Zambezi basin and, recently, South Africa’s Sasol and the Osho Energy consortium (controlled by companies from Pakistan and the United Arab Emirates) were granted a license to explore two blocs on land in Inhambane, to the west of the Natural gas fields of Pande and Temane.