Mozambique opens new areas for exploration

Mozambique has opened 15 new offshore and onshore areas for oil and gas exploration areas. Blocks on offer under the latest licensing round include three new areas of the northern Rovuma Basin, where Anadarko and Eni are developing major LNG export projects. Mozambican officials anticipate over $30bn will be invested initially to build capacity to produce 20mn t/y of LNG, with first exports due to start in 2018.