Russia’s Rosneft and US partner ExxonMobil has won three blocks in the fifth license round in Mozambique.
Rosneft and Exxon were awarded three contract areas: A5-B in the Angoche Basin as well as Z5-C and Z5-D in the Zambezi Delta.
The companies will commence negotiations with the Government of the Republic of Mozambique and INP on the detailed terms of participation
Exxon is expected to be an operator for exploration and development projects in Mozambique, Rosneft added.
This result is seen by Rosneft a significant achievement, the consortium’
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bid was awarded the blocks despite facing strong competition from other global supermajors.