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Local Content Rises to Top of Mozambique's Developmental Agenda (By Charné Hundermark)


By Charné Hundermark
Mozambique is experiencing an influx of investment across energy, agriculture, tourism, construction and mining sectors, positioning the country for transformative economic growth. The benefits of ongoing megaprojects, however, have the potential to extend beyond government revenues and critical infrastructure and to local capacity building and the assurance of sustainable socioeconomic improvement. In a bid to increase country-wide living standards and boost local participation in expanding sectors, Mozambique is prioritizing the expansion of local content policies and leveraging large-scale developments to capitalize on skills transfer and training initiatives.
Promoting Participation Through Policy
In response to large-scale developments taking place across the country, the Government of Mozambique has enacted several local content requirements to ensure that the flow of capital extends to local communities and economies. Notably, the country ....

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Heirs Oil & Gas Targets 100,000 bpd on OML 17


Nzube Nlebedim, Nigeria Field Editor
February 4, 2021
Image: YouTube
Following the one-billion-dollar acquisition of OML 17from Shell last month, Heirs Oil & Gas Ltd. has pledged to boost production from the onshore block to 100,000 barrels per day (bpd).  
Success in achieving the production target would not only restore the block to its peak production level, but also make Heirs Oil & Gas Ltd. one of the largest indigenous operators in the country by output, alongside Seplat Petroleum Development Company, Atlas Petroleum International and Oranto Petroleum, Aiteo Eastern E&P, Shoreline and First Exploration & Petroleum Development Company.
“Our focus is to try to take this asset back to its peak production levels within a reasonable timeframe,” said Samuel Nwanze, CFO of Heirs Oil & Gas Ltd.  ....

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