Italy’s Eni has announced that it has, together with partners, submitted a winning bid on the A5-A block offshore Mozambique in the fifth competitive bidding round.
Eni is the operator of the joint venture with 34% participating interest. Statoil and Sasol holds 25.5% each and ENH has the remaining 15%. The companies will now start negotiations with the local authorities.
The A5-A block is located in the Northern Zambesi basin in the Angoche area about 1,500km north of the capital Maputo.