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9thAfricanMabote

The Mozambique Basin occupies coastal plain and continental shelf: Covers about 500,000 ... FOR THOSE WHO WANT TO INVEST IN EXPLORATION IN MOZAMBIQUE PROVIDES FOR ...

MartaAdara
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9thAfricanMabote

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    1. OPPORTUNITIES AND CLIMATE FOR INVESTMENT IN MOZAMBIQUE

    Arsénio Mabote Chairman, INP INP_ Instituto Nacional de Petróleos NOT AN OFFICIAL UNCTAD RECORD

    2. BACKGROUND

    Location: South-eastern Africa Land area: approximately 800,000 Km2 Coastline: Approximately 2,700 Km Onshore sedimentary area: 290,122 Km2 Offshore sedimentary area: 282,227 Km2 Population – 19.4 Million (estimated 2002) Capital – Maputo Over 60 Rivers & Lakes Official Language: Portuguese INP_ Instituto Nacional de Petróleos MAPUTO MOZAMBIQUE

    3. EXPLORATION OPPORTUNITIES

    INP_ Instituto Nacional de Petróleos

    4. MOZAMBIQUE BASIN Petronas & ENH Sasol & ENH DNO & Wilrusco BANG & CLOVIS E&P

    Two main basins: ROVUMA BASIN NORSK HYDRO INP_ Instituto Nacional de Petróleos

    5. MOZAMBIQUE BASIN

    INP_ Instituto Nacional de Petróleos

    6. MOZAMBIQUE BASIN

    Background INP_ Instituto Nacional de Petróleos 200m 2000m Onshore Area Offshore Area The Mozambique Basin occupies coastal plain and continental shelf: Covers about 500,000 km2: 275,000 km2 onshore 225,000 km2 offshore out to the 2,000 m isobath. Exploration History: Earlier 1907 to 1909 with drilling of shallow wells (<100 m) in the vicinity of reported oil seeps! First discovery in 1962 (Pande) Second discovery 1962 (Buzi) Third discovery 1967 (Temane) Forth discovery 2003 (Inhassoro)

    INP_ Instituto Nacional de Petróleos

    7. OPEN ACREAGES: 25 blocks (offshore) Onshore area Buzi Block with gas discovery

    8. Seismic coverage 15,453 km onshore 59,530 km offshore Wells A total of 97 wells: 82 wells onshore Only 15 wells offshore

    INP_ Instituto Nacional de Petróleos DATABASE

    9. MOZAMBIQUE BASIN

    XAI-XAI GRABEN Potential plays: INP_ Instituto Nacional de Petróleos Stratigraphic traps in “Intra-volcanic” reservoirs Drape over volcanic plateau Rift “shoulder” traps Fault-block traps 1 2 3 4

    10. MOZAMBIQUE BASIN

    Zambezi Delta INP_ Instituto Nacional de Petróleos Gas shows and Dead Oil

    11. ROVUMA BASIN

    INP_ Instituto Nacional de Petróleos

    INP_ Instituto Nacional de Petróleos

    12. BACKGROUND

    Deposition systems: East African passive margin basin system Total Area about 73,000 km2: 15,000 km2 onshore 58,000 km2 offshore ROVUMA BASIN Exploration History: 1983-1987 – ESSO/SHELL joint concession 1986 – Esso/Shell drilled Mocimboa-1 well 1994-1995 – NL (Mopet) onshore/offshore concession of about 38,000 sq km. 1995-2001 – LONROPET onshore/offshore concession (30,000 sq km): In 1998 Energy Africa farmed in for a 30% interest

    13. OFFSHORE AREAS 1, 3, 4 & 6 ONSHORE AREA

    ROVUMA BASIN INP_ Instituto Nacional de Petróleos Open Acreages High level of interest from oil Companies; Perceived all G&G conditions for oil generation; Good data on source rock, maturation and reservoir conditions; Attractive deep water potential.

    OIL & GAS SEEPS INP Several oil & gas seeps were sampled; Analysis demonstrated natural origin; Age: Jurassic or older.

    15. INVESTMENT CLIMATE

    INP_ Instituto Nacional de Petróleos

    INP_ Instituto Nacional de Petróleos

    16. PETROLEUM LEGISLATION FOR THOSE WHO WANT TO INVEST IN EXPLORATION IN MOZAMBIQUE PROVIDES FOR

    Guarantees Legal protection of property, rights & other assets; Unrestricted import & repayment of loans and equity; Free repatriation of dividends (100%); Compensation in case of expropriation (only in case of security/health reasons); Good Fiscal Terms;

    17. LEGISLATION ON INVESTMENT

    Code of Fiscal Benefits Customs duties exemptions Reduction of corporate tax Reduction of supplementary tax

    18. FRAMEWORK CONDITIONS

    INP_ Instituto Nacional de Petróleos

    19. FRAMEWORK CONDITIONS

    The new regulatory framework evolving previous framework system creating the basis for regulatory consistency, transparency and predictability in Mozambican petroleum policy implementation New framework form the basis for clarification of resource management responsibilities and State interests in the upstream petroleum sector The law, regulation and model documents: Implement a more consistent legal hierarchical structure

    20. FRAMEWORK CONDITIONS

    Core Elements of new regulatory structure: Petroleum Law 3/2001 Petroleum Regulations 2004 New Model Exploration and Production Concession Contract Legend Administrative law Contract law

    21. FRAMEWORK CONDITIONS

    System approach moving from traditional contract based system to a modernized EPCC system regulating relationship between State and commercial entities: Risk Service Contract Production Sharing Contract Exploration Production Concession Contract Concession/ Licensing Contract Law Admin Law Increased reliance in new EPCC based system on legislation rather than contract clauses Contract

    22. ORGANISATIONAL STRUCTURE - OLD

    Petroleum law the legal foundation for the governance structure of petroleum activities clarifying roles and interests:

    23. ORGANISATIONAL STRUCTURE - NEW

    Petroleum law the legal foundation for the governance structure of petroleum activities clarifying roles and interests: Regulator Commercial Interest Resource owner

    24. CONCLUSION REMARKS

    Mozambique offers good exploration opportunities: Available and prospective acreage Favourable legal, regulatory and fiscal framework Adequate infraestructure for natural gas transmission; Political stability

    Muito Obrigado! Thank you! You are Welcome to Mozambique
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