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CNOOC wins concession contracts for five oil blocks in Mozambique
Release time:2024-08-15click:5
Recently, China National Offshore Oil Corporation (CNOOC) signed five oil exploration, development and production concession contracts in five blocks in the country’s central and southern waters with the Mozambique Ministry of Mineral Resources and Energy and Mozambique’s National Oil Company in Maputo, the capital of Mozambique.
It is reported that the five blocks are all located in the deep waters of Mozambique, with a total area of approximately 29,000 square kilometers. They are operated by five wholly-owned subsidiaries of CNOOC in Mozambique, with 70 % to 80%, with Mozambique’s National Petroleum Company owning 20% to 30%.
Carlos Zacarias, Minister of Mineral Resources and Energy of Mozambique, said at the signing ceremony that the cooperation between Mozambique and China will help cultivate talents and build capacity in the country’s petroleum industry and promote the national economy. develop. The signing of the contract marks the beginning of a new journey in the country's energy development and will have a lasting impact on the economic and trade relations between Mozambique and China.
He said that CNOOC will conduct seismic operations after the contract takes effect
Data collection and deepwater drilling work, new oil may be discovered by then resource. We look forward to the joint efforts of all parties to achieve prosperity and sustainable development through cooperation.