The Minister of Natural Resources, Max Tonela, announced on 27 October 2021 that the government of Mozambique may launch the 6th licensing round of sixteen (16) oil & gas offshore areas before the end of 2021.
Sixteen (16) licensing areas have been identified – five (5) in Rovuma Basin, seven (7) in Angoche, two (2) in Zambezi Delta and the last two (2) in the Save delta.
The plan is to launch the licensing round before the end of 2021 and finalize the selection and awarding processes by the first quarter of 2022.
Article by Duarte Marques da Cruz
Duarte Marques da Cruz
Duarte Marques da Cruz is partner of the Portuguese law firm MC&A, specialised in international business advisory, with a special focus in Lusophone markets. With extensive experience in the Energy sector (Renewables and Oil & Gas) and in International Taxation, he has supported international companies in major upstream, midstream transactions and projects, including in implementing, exploration and development programs. Duarte has also supported international clients in other areas of practice, namely, Mining, Transport & Logistics, Regulatory Compliance and Mergers & Acquisitions in Mozambique, Angola and Portugal.
Through this Simplification Project, Angola shows to investors and economic players that intends to maintain its bet on the internal and external investment; on other hand, it is important to note that this simplification procedure is only at its beginning and is expected a wider range of facilitation in multiple public administration proceedings and regarding more sectors of the economy.