N-Exploration, a wholly owned subsidiary of Rosneft, and Exxon Mobil Exploration and Production Mozambique Offshore Limited have filed joint bids to participate in the fifth license round organized by the Republic of Mozambique’s Institute of National Petroleum (Instituto Nacional de Petróleo).

Rosneft and Exxon Mobil decided to file joint bids for the participation in the license round for contract areas in the Angoche basin (A5-A and A5-B) and the Zambezi Delta (Z5-C and Z5-D). If successful, Exxon Mobil will become the operator.

The global partnership of the companies is of a strategic nature. Rosneft and Exxon Mobil have a track record of successful cooperation at the Sakhalin-1 project, and they are both committed to continuing to operate in an environmentally responsible manner in Mozambique if selected, Rosneft said in a statement.

Source: www.worldoil.com

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