Fossil Energy – Mozambique
According to Reuters state-run China National Offshore Oil Co said on Friday it had signed oil exploration and production concession contracts with Mozambique’s energy ministry and national energy company ENH.
The contract is for five offshore blocks in waters off the African nation and covers a total area of about 29,000 sq km (11,200 sq miles) with water depths from 500 m to 2,500 m (1,640 ft to 8,202 ft), it said in a statement.
The first phase of the exploration period is four years, with five CNOOC subsidiaries serving as operators in the exploration and development phases, having independent operator rights and interests.
ENH owns the remaining non-operating interests.
