Exploration & Production

Malawi awaits new oil and gas policy

Exploration in Malawi has been stifled in recent years, but a new petroleum policy could be a first step in spurring upstream investment Exploration in Malawi has been stifled in recent years, but a new petroleum policy could be a first step in spurring upstream investment.
By Ian Nkala 2 November 2017 0 28228
Exploration is expected in Lake Malawi. Exploration is expected in Lake Malawi. (Christiane Birr, Flickr)

Malawi’s long-delayed new hydrocarbon policy is due to be unveiled in November ahead of the publishing of a revised Petroleum Act by December 2018, two important steps towards bolstering upstream investment in the southern African country.

A draft of the policy document, released in the summer, called for more exploration in the country, noting the lack of reliable data has created uncertainty and discouraged investment. 

Investors are less likely to risk exploration capital in a largely unknown and poorly developed legal and institutional setting, added the draft.

The...