Eni Buys Rights in Three New Exploration Licenses in Mozambique
29 May 2019 - 11:10PM
Dow Jones News
By Max Bernhard
ENI SpA (ENI.MI) said Wednesday that it has acquired rights in
three new exploration licenses in Mozambique.
The rights are for exploration and development of offshore
blocks A5-B, Z5-C and Z5-D, located in the deep waters of Angoche
and Zambezi Basins, it said.
"Through a farm-in agreement, signed with ExxonMobil Mocambique
Exploration & Production Limitada (ExxonMobil) and authorized
by Mozambican institutions, Eni acquires a 10% stake in the three
blocks," it said.
The three blocks are operated by ExxonMobil, in partnership with
the Mozambican State company Empresa Nacional de Hidrocarbonetos,
Russia's Rosneft and Qatar Petroleum.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
May 29, 2019 08:55 ET (12:55 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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