Spectrum’s Anongporn Intawong, Phillip Hargreaves, Neil Hodgson and Karyna Rodriguez delve into why industry focus is returning to Mozambique, in this article originally produced for Offshore Magazine.
Mozambique has been at the epicenter of attention offshore East Africa following Anadarko and Eni’s discoveries of over 100 tcf from 2010 onwards in the deepwater Rovuma basin off the country’s northern coast. The Mozambique margin to the south is also viewed as gas-prone due largely to these finds and the smaller deepwater gas discoveries farther north off Tanzania.
However, the arguments for an oil play in the Mozambique Channel and East Zambezi basin are growing stronger, based on natural oil seeps, analysis of source rocks, and seismically interpreted indicators. The hunt for oil is now on in this potentially prolific area, and some super-major oil companies are already leading the way.
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