Statoil and partners submitted a winning bid on the A5-A block offshore Mozambique in the fifth competitive bidding round in 2015. The partnership is negotiating with the authorities regarding the award.
The A5-A block is located in the Northern Zambesi basin in the Angoche area about 1,500km north of the capital Maputo. The block covers an area of 5,145 square kilometres in water depths ranging from 200 to 1,800 metres.
Eni is the operator of the Joint Venture with 34% participating interest. Partners are Statoil and Sasol with 25,5% each and ENH with 15%.