Mozambique, the East African country which has already proved its potential as a major contender for its oil and gas reserves, will be soliciting for bids to open up the Maniamba basin area in the northern province for exploration, Arsenio Mabote, Chairman of the National Petroleum Institute has announced, who will be attending GDS International’s Next Generation Oil and Gas Summit, Nairobi, 13-15th September, 2011.
Mabote said that several companies have expressed an interest in the development of the region, which will be the third place the government is confident hydrocarbons will be discovered, after other regions have already proved successful. The Maniamba basin has evidence of coal outcrops, meaning potential for gas, and the country already has proven reserves but is yet to be fully exploited.
Arsenio Mabote, speaking to state-owned newspaper Noticias, said, “We have (awarded) contracts on a competitive basis in order to promote transparency and provide opportunity to those who actually have the best proposals.”
Mozambique has in recent years been an exciting venture for oil companies, such as US based Anadarko, who have taken a great interest in Mozambique’s potential for oil. Other companies have also looked to Mozambique as an alternative to the oil-rich, long exploited Western coast of Africa, after oil was first found in the region in 1962.
The Next Generation Oil & Gas Summit Africa, 2011 acts as an arena for senior level executives to engage in one to one meetings, workshops and seminars, and provides an abundance of networking opportunities to present business objectives in a captivating and stimulating environment. Within the programme, a workshop based on the exploration of East Africa will take place. For more information and a full guide to the event, please visit ngosummitafrica.com.