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.

Offshore staff

SAN DONATO MILANESE, ItalyQatar Petroleum has entered into an agreement with Eni to acquire a 25.5% participating interest in block A5Aoffshore 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.

03/11/2019

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