Mozambique launched its sixth licensing cycle at an online and in-person event, which will run through August 31, 2022.
The offer covers 16 blocks. Of these, five are in the northern Rovuma Basin, seven in the Angoche Basin, two in the Zambezi Delta and two in the Sava region. The areas offered cover approximately 92,000 km².
The Instituto Nacional de Petróleo (INP) organized the round.
Applications must be submitted by registered mail or hand-delivered to the INP offices in Maputo by June 30, 2022. Applications sent by e-mail will not be accepted.
To participate in the tour, companies must pass through a pre-qualification process . This closes on February 22. Deepwater operators must have more than $2 billion in assets, while non-operators must have at least $250 million.
INP will evaluate the bids on four criteria. Half of the points available will be for the technical work program, while the economic proposal will win 37% of the bid. The remaining 13% will apply to the company's expertise. The regulator has included HSE in its sample scorecard, but has not assigned any direct weight to it.
The NPI said it would encourage "companies to submit a technical proposal that will maximize knowledge of the petroleum potential of the proposed areas."
A technical database on blocks is offered on the INP website . He said 37 wells had been drilled around the 16 blocks, with a well database also available.
The areas off Rovuma are R6-A, R6-B, R6-C, R6-D and R6-E, covering 28,241 km². The seven blocks off Angoche - A6-A, A6-B, A6-C, A6-D, A6-E, A6-F and A6-G - cover 40,420 km².
The two Zambezi blocks, Z6-A and Z6-B, cover 11,656 km². The two Sava zones, S6-A and S6-B, cover a similar area at 11,479 km².
In the Rovuma Basin, the R6-A block is located north of Areas 1 and 4, the site of significant gas discoveries and operated by TotalEnergies and Eni. This proposed block is located in water depths of 1,500 to 2,800 meters.
Work commitments on this block include reprocessing 500 km of 2D seismic and 2,000 km² of 3D seismic in addition to shooting 1,000 km² of new 3D seismic. The winner must perform this in the first phase. One well must be drilled in the second and third phases.
The R6-C block covers much of the acreage that was previously under Area 2. Tullow Oil drilled two wells on this block in 2013, making a non-commercial discovery.
The Angoche blocks are located on either side of areas already conceded to Eni and ExxonMobil. Exxon also has two blocks in the Zambezi region.
The minimum work commitment on the first phase of the Zambezi Z6-B block includes the acquisition of 1,000 km of 2D seismic, 1,500 km² of 3D and the drilling of one well. This is the only block where INP requires successful bidders to drill a well in the first phase.
Gayle Meikle, CEO of Frontier, welcomed the launch of Mozambique's sixth licensing round.
"Frontier was delighted to have the opportunity to develop a communications strategy to get the message of Mozambique's 6th licensing round out to the global upstream community and investors. It is more important than ever for African governments to seize the opportunity with respect to oil and gas investments and Frontier's extensive African experience, knowledge and network has paid off."