QP Takes Stake of ENI Block Offshore Mozambique

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ENI and Qatar Petroleum (QP) have signed an agreement that has QP joining ENI offshore Mozambique. The agreement was for the Qatari state-run firm to acquire a 25.5% participating interest in Block A5A.

ENI acquired rights to the block in Q4 2018. According to the Italian firm’s website, the block is located in the deep waters of the Northern Zambezi Basin, approximately 1,500 km to the north east of the capital Maputo.

The block was awarded to ENI as a result of its participation in the 5th competitive Licensing Round launched by the Republic of Mozambique. It extends over an area of 5,133 square km, at water depths between 300 and 1,800 meters, in a completely unexplored zone in front of the town of Angoche. Sasol and state-run Mozambican firm ENH are the other partners on the block.

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