Qatar Petroleum farming into deepwater block off Mozambique
Qatar Petroleum has entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A offshore Mozambique.
The agreement is subject to the authorization by the Mozambican authorities.
Block A5-A is in the deepwaters of the Northern Zambezi basin, approximately 1,500 km (932 mi) northeast of the capital Maputo. It extends over an area of 5,133 sq km (1,982 sq mi) in a water depth between 300 and 1,800 m (984 and 5,905 ft).
Eni is the operator of the 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, with 15%.
The block 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.