Anadarko wins exploration rights off Mozambique

March 9, 2006
Anadarko Petroleum Corp. has won exploration and production rights for Offshore Area 1 in the under-explored Rovuma basin in northeast Mozambique.

By OGJ editors
HOUSTON, Mar. 9 -- Anadarko Petroleum Corp. has won exploration and production rights for Offshore Area 1 in the under-explored Rovuma basin in northeast Mozambique.

The 2.64 million-acre block includes 90,000 onshore acres and stretches offshore, 35 miles east in up to 6,000 ft of water. The block borders Tanzania to the north and extends southward about 100 miles.

Awarding of the block is expected by midyear, subject to finalization and signing of the exploration and production concession. This is Mozambique's second licensing round.