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 contract for...
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