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  • Eni farms out to Qatar Petroleum a 25.5% participating interest in block A5-A offshore Mozambique
    édité le 12/03/2019 - Plus de news de "ENI" - Voir la fiche entreprise de "ENI"


Eni farms out to Qatar Petroleum a 25.5% participating interest in block A5-A offshore Mozambique
Eni and Qatar Petroleum signed a farm out agreement to enable Qatar Petroleum to acquire a 25.5% participating interest in Block A5-A, offshore Mozambique. The agreement is subject to the authorization by the Mozambican authorities.

Block A5-A, located in the deep waters of the Northern Zambezi Basin, approximately 1,500 km north-east of the capital Maputo, was awarded to Eni following the 5th competitive Licensing Round launched by the Republic of Mozambique while the Exploration and Production Concession Contract was signed in October 2018. It extends over an area of 5,133 km2 in a water depth between 300 and 1,800 meters, in a completely unexplored zone in front of the town of Angoche.

Eni is the operator of Block A5-A Consortium, with a participating share of 59.5%, owned though its subsidiary Eni Mozambico, which would reduce to 34% after the farm out is approved. Other partners are Sasol, with 25.5%, and the Mozambican state company Empresa Nacional de Hidrocarbonetos (ENH), with 15%.

“Today’s transaction represent another milestone in the strategic path that Eni and QP undertook to further strengthen their partnership worldwide”, Eni CEO Claudio Descalzi commented.

Eni has been present in Mozambique since 2006, following the acquisition of the Petroleum Contract Area 4, in the offshore Rovuma basin, in the north of the country, where total gas in place is estimated in excess of 85 TCF, following a very successful exploration campaign, with the discoveries of Coral, Mamba and Agulha.

Coral initial development program includes the construction of a floating plant (FLNG), to treat, liquefy, store and offload LNG. The plant will have a liquefaction capacity of approximately 3.4 million tons per year. Construction has started in June 2017 production is expected to start in 2022.

The development program includes the construction of an onshore plant composed by 2 trains for gas treatment and liquefaction, with a liquefaction capacity of 15.2 million tons per year, which will be the first phase of the Rovuma LNG project. The project is expected to be sanctioned in 2019 and production is expected to start in 2024.

Eni and Qatar Petroleum are already partners in Oman and Mexico.

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 Qatar Petroleum

Qatar Petroleum (QP) is a state-owned corporation established by Decree Law No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.
The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, liquefied natural gas, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, steel and aluminium.
The operations and activities of QP and its affiliates are conducted at various onshore locations, including Doha, Dukhan and the Mesaieed and Ras Laffan Industrial Cities, as well as offshore areas, including Halul Island, offshore production stations, drilling platforms and the North Field.


Origine : Communiqué ENI

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