Rosneft signs agreements on offshore gas field development with Mozambique

23/08/2019 08:25 Natural Gas

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Russian state-run oil company Rosneft signed a memorandum of understanding with Mozambique's National Hydrocarbons Company (Empresa Nacional de Hidrocarbonetos E.P., ENH) to develop offshore natural gas fields, a TASS correspondent reported from the signing ceremony.

Rosneft also signed a cooperation agreement with Mozambique's National Petroleum Institute (Instituto Nacional de Petroleo, INP).

 

In October 2018, a consortium of Rosneft and ExxonMobil signed concession contracts with the government of Mozambique for the exploration and production of hydrocarbons on three offshore blocks.

 

Besides Rosneft (20%) and ExxonMobil (50%), the consortium includes Mozambique ENH (20%) and Qatar Petroleum (10%).

Source: tass.com

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