Eni JV Awarded Mozambique Licence

Eni led partnership has been awarded A5-A block offshore Mozambique in the fifth competitive bidding round, Statoil, one of the partners said in a statement.

The A5-A block is located in the Northern Zambesi basin in the Angoche area about 1,500km north of the capital Maputo. The block covers an area of 5,145 sq kms in water depths ranging from 200 to 1800 meters. 

Eni is the operator of the joint venture with 34 percent participating interest. Partners are Statoil and Sasol with 25.5 percent each and ENH with 15 percent.

The minimum work program includes seismic and three commitment wells, Statoil said.

“The Angoche area is a very promising frontier basin with significant oil potential and builds on Statoil's exploration strategy of access at scale,” said Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere.