Eni acquires new exploration rights in Mozambique

The block was awarded to Eni as a result of the participation to the 5th competitive Licensing Round launched by the Republic of Mozambique. It extends over an area of 5133 km², at water depths between 300 and 1800 m, in a completely unexplored zone in front of the town of Angoche.

Eni is the operator of Block A5-A Consortium, with a participating share of 59.5% owned by its subsidiary Eni Mozambico. Other partners are Sasol, with 25.5%, and the Mozambican state company Empresa Nacional de Hidrocarbonetos (ENH) with 15%.

Eni has been present in Mozambique since 2006, following the acquisition of a participation in the Petroleum Contract of Area 4, in the offshore Rovuma basin, in the north of the country. Following an intense exploration campaign that spanned just 3 years, between 2011 and 2014 the supergiant gas fields of Coral, Mamba and Agulha were discovered, boasting estimated 2407 billion m³ of gas in place. The Area 4 consortium is formed by Mozambique Rovuma Ventures (Eni 25%, ExxonMobil, 25% and CNPC, 20%), and by Empresa Nacional de Hidrocarbonetos (10%), Kogas (10%) and Galp (10%).

Coral initial development programme includes the construction of a floating plant (FLNG), to treat, liquefy, store and offload LNG. The plant will have a liquefaction capacity of approximately 3.4 million t per year. Construction started in June 2017, and production is expected to start in 2022.

The Mamba Complex development program includes the construction of an onshore plant composed by 2 trains for gas treatment and liquefaction, with a liquefaction capacity of 15.2 million t per year. The project is expected to be sanctioned in 2019 and production is expected to start in 2024.

Read the article online at: https://www.oilfieldtechnology.com/exploration/17102018/eni-acquires-new-exploration-rights-in-mozambique/