Wentworth Resources has been given approval to relinquish its Tembo block in Mozambique’s Rovuma basin and will formally exit all liabilities by 15 June.
However, the London-listed player will remain a partner in the Maurel & Prom-operated Mnazi Bay asset in Tanzania, where it hopes to see output grow.
The Mnazi Bay partners “have line of sight to increasing demand in 2019 and beyond with agreement for an inlet pressure reduction at the Madimba gas processing plant”, said Wentworth chief executive Eskil Jersing.
