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The Waha oilfields are located in the eastern development of Libya.”
Sirte basin in central Libya. They are capable of Libya is currently producing around 1.2mn
yielding up to 400,000 bpd and are operated by a bpd of crude oil. The North African country saw
subsidiary of Libya’s National Oil Corp. (NOC). output levels fall from nearly 1mn bpd to less
Pouyanné also said at the conference that the than 100,000 bpd in the first half of 2020, owing
French major hoped to boost yields at the Mab- to intensified fighting between the country’s two
ruk field in central Libya and will help build a largest political factions, the Libyan National
500-MW solar farm to provide electricity to the Army (LNA) and the Government of National
site and surrounding areas. He did not divulge Accord (GNA). Yields began rising, however,
the value of this project. after the LNA and GNA signed a permanent
TotalEnergies was not the only European ceasefire in October 2020 and proceeded to
major to affirm its continued interest in Libya establish an interim government. ™
on November 22. Alessandro Puliti, the COO of
Italy’s Eni, said at the Libya Energy & Economic
Summit that his company had already invested
more than $10bn in the country’s oil and gas sec-
tor and was committed to the development of its
resources. “Libya is a very significant remaining
oil and gas prospect, and Eni is ready to support
this development,” he declared.
Puliti did not say whether Eni was consid-
ering any new projects, but he did state that the
Italian company had responded to the rise in
demand for natural gas inside Libya. “In the past
years, we have [shifted] increasing shares of gas
production from export to the domestic mar-
ket to fulfil domestic market demand,” he said.
“This clearly demonstrates the utmost attention
we have paid to the economic and industrial TotalEnergies intends to spend $2bn on the Waha oilfields (Photo: TotalEnergies)

Mozambique launches sixth

offshore licensing round

MOZAMBIQUE MOZAMBIQUE is set to start accepting bids bidding round not long after the Italian major
for offshore exploration and production deals in Eni reported that the Coral-Sul floating LNG
its in its sixth licensing round, which is sched- (FLNG) vessel had been completed. Eni intends
uled to be launched on November 25. The round to use the FLNG unit for the Coral South LNG-
will cover 16 blocks covering more than 92,000 project, which it is developing in co-operation
square km across the Rovuma basin, as well as with ExxonMobil (US), CNPC (China), Galp
Angoche, Zambezi Delta and Save. (Portugal), KOGAS (South Korea) and ENH,
The National Petroleum Institute (INP) the national oil company (NOC) of Mozam-
noted in an announcement earlier this week that bique. ™
the government had set the starting date for the
bidding contest following the approval of its new
upstream hydrocarbon strategy, which provides
the basis for continuous exploration of Mozam-
bique’s offshore zone.
The framework calls for the government to
carry out new public tenders every two years, it
said.
Carlos Zacarias, the chairman of INP, said
the sixth licensing round would help Mozam-
bique “assess the national petroleum potential.”
Additionally, he said, “the resources discovered
[as a result of the new contracts] will be made
available to society to drive Mozambique’s
socio-economic development.”
INP issued its announcement on the The sixth licensing round will include 16 offshore blocks (Image: INP)

Week 47 24•November•2021 www. NEWSBASE .com P7