Mozambique will launch a new tender in 2017 for the research and exploration of oil and gas.

José Branquinhoin from the National Institute of Petroleum Resources (INP) said  the institute’s strategy was to launch international tenders every two years, according to MacauHub.

Branquinhoin, who is Director of Evaluation at INP, made the comments at a conference in Cape Town, South Africa.

The INP also announced the results of the fifth tender for concession areas for research and production of oil and gas in 11 offshore areas and four onshore areas, which will represent an investment of $700m over the next four years.

Eni Mozambico, in partnership with Sasol Petroleum Mozambique Exploration and Statoil Holding Netherlands BV, received the area of Angoche (A5-A area) for a period of four years.

Meanwhile, Exxon Mobil E&P Mozambique Offshore Ltd, in partnership with RN-Exploration LLC (Rosneft) and Mozambican state oil company ENH, received three areas for research and exploration in Angoche district (A5-B area) and in the Zambezi Delta (Z5-C and Z5-D areas), all in Mozambique’s offshore.

Sasol Petroleum Mozambique Exploration Ltd, partnering ENH, received the PT5-C area in Pande/Temane, and Delonex Energy Ltd in partnership with Indian Oil Corporation Ltd, received the P5-A area in Palmeira.

The concession areas on land and at sea cover an area of ​​74,259 square kilometers, FootPrint to Africa added.