Gulf Oil and Gas accountACCOUNT

Wentworth Granted License Extension

Source: www.gulfoilandgas.com 6/6/2018, Location: Africa

Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, is pleased to announce an update to the Company's Onshore Rovuma asset in Mozambique ("Appraisal License").

Further to the update at the time of the 2017 Annual Financial Statements in March regarding the Company's formal request of a one-year extension of the Appraisal License, the Company has received confirmation from Instituto Nacional de Petroleo ("INP") that the extension has been granted. The extension will take effect from 16 June 2018 and enables Wentworth, along with its partner Empresa Nacional de Hidrocarbonetos ("ENH"), to continue to progress pre-drilling activities in the Tembo block.

The extension request was in part related to the above ground security situation in and around the Macimboa da Praia and Palma regions, adjacent to the Tembo block, which remain challenging. This has prevented safe access to the area for Wentworth staff and contractors. The Company continues to monitor the situation closely.

Bob McBean, Executive Chairman, said:
"We would like to thank the Minister, INP and our partner ENH for their support in securing this extension to the Tembo licence, which gives us the time and flexibility to progress our operational activities on the block. We remain focused on securing an additional partner to share risk in unlocking the onshore potential of the Rovuma basin".

For more information about related Opportunities and Key Players visit East Africa Projects

Exploration News in Mozambique >>

United Kingdom >>  7/9/2020 - UK Oil & Gas PLC is pleased to announce that West Sussex County Council's ("WSCC's") Planning Committee have approved, by a significant 10-1 majority ...
Norway >>  7/8/2020 - Equinor and its licence partners Source Energy AS and Wellesley Petroleum AS have discovered gas and condensate in exploration well 30/2-5 S Atlantis....

Oman >>  7/5/2020 - Tethys Oil is pleased to announce that the Government of the Sultanate of Oman and Tethys Oil has entered into an Exploration and Production Sharing A...
Russia >>  7/2/2020 - Gazprom Neft and Zarubezhneft have signed a binding agreement on establishing a joint venture for exploration and production of hard-to-recover oil re...

Trinidad and Tobago >>  7/2/2020 - Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, is pleased to note that the current term of the Goudron Incr...
Algeria >>  7/1/2020 - The Minister of Energy, Abdelmadjid Attar, Sonatrach's CEO, Toufik Hakkar, and Eni's CEO, Claudio Descalzi, met in Algiers to discuss the progress of ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Mozambique Oil & Gas 1 >>  2 | 3 |

Oil & Gas Projects in Mozambique >>

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.