Mozambique halts next round due to law change

Under consideration: Mozambican President Armando Guebuza

AFP/SCANPIX

By Iain Esau London

 31 January 2013 23:59 GMT

Mozambique is to delay the launch of its next licensing round until fiscal and legislative changes currently under way have been formally established.

Jose de Barros, legal advisor to the National Petroleum Institute (INP) — the country’s upstream regulatory authority — said “there have been a lot of companies knocking on the door looking for acreage” since Andarko and Eni had multiple huge gas finds in Areas 1 and 4 of the Rovuma basin.

However, de Barros stressed that it makes little sense to launch a licensing round at present, only for new laws to be in place when the round was unveiled. “Since we are now revising the petroleum law, we have decided to…

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