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  • Eni acquires rights in three new exploration licenses in Mozambique
    édité le 30/05/2019 - Plus de news de "ENI" - Voir la fiche entreprise de "ENI"


Eni acquires rights in three new exploration licenses in Mozambique
Eni, through its subsidiary Eni Mozambico, has acquired rights to explore and develop offshore blocks A5-B, Z5-C and Z5-D, located in the deep waters of Angoche and Zambezi Basins. Through a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada (ExxonMobil) and authorized by Mozambican institutions, Eni acquires a 10% stake in the three blocks.

Block A5-B is located about 1,300 kilometers northeast of the capital Maputo, in a completely unexplored area off the city of Angoche. It has an area of 6,080 square kilometers, at a water depth of between 1,800 and 2,500 meters.

Blocks Z5-C and Z5-D cover a total area of 10,205 square kilometers, at a water depth between 500 and 2,100 meters, in a scarcely explored area facing the delta of the Zambezi River, about 800 kilometers to the north-east of the capital Maputo.

The three blocks, assigned under the 5th Licensing Round, are operated by ExxonMobil (40%), in partnership with the Mozambican State company Empresa Nacional de Hidrocarbonetos (ENH, 20%), Rosneft (20%) and Qatar Petroleum (10%).

With this acquisition, Eni further strengthens its presence in Mozambique, a country of strategic importance for the company.

In the 5th Licensing Round, Eni Mozambico was also awarded operatorship of Block A5-A, adjacent to block A5-B, with a 59.5% stake. Other partners are Sasol (25.5%) and ENH (15%). A farm-out agreement enabling Qatar Petroleum to acquire a 25.5% participating interest in Block A5-A, reducing Eni shares to 34%, is pending authorization by the Mozambican authorities.

Eni has been present in Mozambique since 2006, with the acquisition of a stake in the Area 4, located offshore in the Rovuma basin, in the northern part of the country. From 2011 to 2014, Eni discovered supergiant natural gas resources in the Rovuma basin, in Coral, Mamba and Agulha fields, holding estimated 2,400 billion cubic meters of gas in place.

About ENI

Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.

About ExxonMobil

ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.


Origine : Communiqué ENI

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