Eni, together with Statoil, Sasol and ENH, have been awarded, following the 5th Competitive Mozambique Bid Round, the exploration and development rights of the offshore block A5-A, in the area of Mozambique named Angoche, about 1,500 kilometers northeast of the capital city Maputo. The block, which covers a total area of di 5,145 square kilometers in a water depth between 200 and 1800 meters, is placed within an unexplored area of the Northern Zambesi Basin, which the consortium estimate to contain significant hydrocarbon resources.

Eni, through its subsidiary Eni Mozambico, is the Operator of the Joint Venture, with a 34% stake. The other partners are Statoil and Sasol with 25,5% stake each and ENH with a 15% stake.

Eni has been present in Mozambique since 2006 and is the operator of Area 4 with a 50% indirect quote, owned through its subsidiary Eni East Africa.

In Area 4, following an intensive exploration campaign and appraisal, from 2011 to 2014, were also discovered supergiant natural gas resources, estimated in 2.407 billion of cubic meters of gas in place.

The other partners in Area 4 are GalpEnergia, KOGAS and ENH with 10% stake each.
CNPC owns a 20% indirect interest through Eni East Africa.

About Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway, with approximately 23,000 employees worldwide, and are listed on the Oslo and New York stock exchanges.

About ENI

Eni is an integrated company that operates across the entire energy chain, employing some 78,000 people in 90 countries around the world. Scientific research and technological innovation are at the heart of its strategies for sustainable development.
Eni’s excellent portfolio of conventional oil assets with competitive costs and the strong resource base with options for anticipated monetization ensure a robust value generation at Eni’s upstream activity. The vertical integration provided by the large presence in the gas and lng markets, and the know-how in refining and chemical sectors enable the company to capture synergies and catch joint opportunities and projects in the marketplace.

About Sasol

Committed to excellence in all we do, Sasol is an international integrated energy and chemicals company that leverages the talent and expertise of our more than 34 000 people working in 38 countries. We develop and commercialize technologies, and build and operate world-scale facilities, to produce a range of product streams, including liquid fuels, chemicals and electricity.

While continuing to support our home-base in South Africa, Sasol is expanding internationally based on a unique value proposition, which links our diverse businesses into an integrated value chain supported by top-class functions.