Oil India’s Rovuma Basin Project Resumes as Force Majeure Lifted in Mozambique

Oil India Reignites Mozambique Offshore Project as Security Stabilizes

Oil India Ltd has confirmed that force majeure has been lifted on its Area 1 offshore block in the Rovuma Basin, Mozambique. The declaration had been in place due to regional security concerns, halting progress on one of the company’s most strategic international ventures. With conditions now stabilizing, the consortium—led by TotalEnergies and including Oil India—can resume development activities.

The Area 1 block is a major liquefied natural gas (LNG) asset, with estimated reserves exceeding 75 trillion cubic feet. Oil India holds a participating interest through its subsidiary, and the revival of operations is expected to enhance its global energy footprint and long-term revenue prospects.

Key highlights:

Project update  

• Force majeure lifted on Area 1 block  
• Location: Offshore Rovuma Basin, Mozambique  
• Consortium led by TotalEnergies; Oil India holds indirect stake  

Strategic relevance  

• One of the largest LNG assets globally  
• Critical to India’s energy security and diversification strategy  

Operational outlook  

• Development and production planning to resume  
• Long-term revenue and export potential for consortium partners  

Sources: NSE India, Oil India Ltd Investor Relations, Reuters.