Security  |  Threat Assessment

Mozambique Exploration Update: Four Hydrocarbon Well Drills Scheduled this Year

Mozambique is set to drill four hydrocarbon research and prospecting wells this year. Two of these wells will be located in the Angoche region, one in the Búzi area, and a fourth in the PT5-C area operated by Sasol, as reported by the National Petroleum Institute (INP) to ‘Notícias.’ This marks the second drilling activity in Angoche within a year, with Eni conducting a well last year that yielded negative results. However, further evaluation has been deemed necessary, leading to ongoing additional studies and the possibility of extending the activities to complete the work program. The INP notes that progress is satisfactory, anticipating conclusive data in the coming months that could expand opportunities for further research in the region. In the Búzi Block, where two wells were previously opened, the operator is actively assessing the potential for natural gas discoveries.

Meanwhile, on Wednesday, 21 February 2024, Mozambican President Filipe Nyusi expressed that the French oil company TotalEnergies should have already resumed operations in Cabo Delgado. He characterized France’s advisory for its citizens to avoid specific parts of the province as a “diplomatic decision.” The French Embassy in Mozambique had recommended against traveling to Mocímboa da Praia, Pemba, and Palma due to a perceived “terrorist threat.” President Nyusi indicated discomfort with France’s appeal, suggesting an agenda behind the announcement. TotalEnergies is constructing a gas plant near Palma, valued at $20 billion, but operations were halted in 2021 due to terrorist attacks. Recent insurgent activities have led to increased displacement in Cabo Delgado, with attacks reported in various villages and roads. A week ago, the Islamic State claimed responsibility for a terrorist attack in Macomia that resulted in at least 20 casualties.

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