Exploration & Production

Moz regulator creates confusion over latest block award

The INP has denied the only consortium to team up with a local player in Mozambique’s fifth licensing round has been awarded an exploration block The INP has denied the only consortium to team up with a local player in Mozambique’s fifth licensing round has been awarded an exploration block.
By Leigh Elston 20 December 2017 0 28857
A drilling rig in Mozambique Drilling in Mozambique. Shorecan says it has been awarded Block PT5-B. (Interfax)

ShoreCan, a joint venture between Canadian Overseas Petroleum Ltd (COPL) and Nigeria’s Shoreline Energy International, says it has been granted a new onshore block in Mozambique more than two years after the other winners in the country’s fifth licensing round were announced. However, state petroleum regulator the INP has yet to acknowledge the award.

In a statement to the London Stock Exchange on Friday, COPL said the ShoreCan consortium had been invited to negotiate the terms of the exploration and production-sharing...