Wentworth Resources has announced that it will relinquish its Tembo onshore exploration block in northern Mozambique on 30 April 2019.
Although the company gave no reason for its exit, it is believed it is pulling out because of violence in the region. An Islamist insurgency has led to ongoing attacks on civilians since October 2017 and forced Wentworth to stop exploration activities.
The company will also be closing its office in Maputo and is shutting down activities in other parts of the country to...
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!