He said clarification meetings began in late November, with the first deals set to be finalised either this month or in February, with the last agreements set to conclude by the end of this quarter.

ExxonMobil was awarded operatorship of one block, A5-B, in the Angoche basin and two blocks — Z5-C and Z5-D — in the Zambezi basin.

Eni landed block A5-A in the Angoche while Sasol Petroleum secured the onshore PT5-C area near its Pande-Temane fields, and Delonex Energy picked up block P5-A area in the onshore Palmeira basin.

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