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Comoros: Two contracts allocated for prospecting and exploitation of oil production in the Mozambique Channel

Deputies met in extraordinary session endorsed, Monday night, to two contracts signed by the Government of the archipelago for prospecting and oil exploitation in the canal of Mozambique offshore the Comoros.
A first contract awarded to the society Kenyan Bahari Resources - yet blackboulée by the Parliament on 19 October 2013 - in association with Discover Exploration Comoros B.V, as well as a second granted to the Americans of Safari Petroleum partners with the company Western Energy Production (assets in the US shale gas).
These two longerterm contracts give the exclusive right to the companies selected to operate approximately 17.697 km2 of area maritime of the archipelago of the Comoros and divided into three distinct blocks of equal size, as reported in the newspaper Alwatwan.
According to the Minister of energy, Abdou Naik Madi, these contracts "would enable the countries to accelerate the development of its oil industry, highlighting its natural resources until then unknown and untapped potential, and create a significant industrial fabric that could strengthen the economy and create jobs".

Anli Saendou

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