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Eni acquires rights in three new exploration licenses in Mozambique

Through a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada (ExxonMobil) and authorised by Mozambican institutions, Eni has acquired a 10% stake in the three blocks. The blocks are located in the deep waters of Angoche and Zambezi Basins.


Argentina awards offshore exploration permits

The winning companies offered bids totalling US$724 million, the government said in official statements, and won the rights to explore for up to 13 years in areas of the South Atlantic.