Italy’s ENI and US oil group Anadarko Petroleum have signed an agreement to start developing northern Mozambique’s offshore gas fields in the Rovuma basin, Reuters reported.
Companies’ operations in natural gas extraction from the two contiguous reservoirs known as Prosperidade and Mamba will run separately, yet in a coordinated way, until 24tcf of gas is extracted, according to Macau Hub.
The Anadarko Petroleum group, with its 26.5 % stake, runs the Area 1 block operator, in partnership with Mozambican government’s Empresa Nacional de Hidrocarbonetos (15 %), Mitsui E&P Mozambique Area 1 Limited (20 %), Beas Rovuma Energy Mozambique Limited (10 %), BPRL Ventures Mozambique BV (10 %), ONGC Videsh Limited (10 %) and Mozambique PTTEP Limited Area 1 (8.5 %).
The ENI group operates the Area 4 block with an indirect stake of 50% owned by ENI East Africa (EEA), which controls 70 % of the block and the remaining partners are Galp Rovuma (10 %), KOGAS Mozambique (10 %), and Empresa Nacional de Hidrocarbonetos (10 %).
Mozambique is hoping for revenue from estimated 180tcf of offshore gas, sufficient quantity to supply Europe for nearly two decades, according to Reuters.
