Italian group ENI to drill two more test wells in the Are4 block in northern Mozambique

10 April 2014

Italian group ENI plans this year to drill two more test wells in the Area 4 block of the Rovuma Basin, in northern Mozambique, raising the number of wells in the block to 13, the group’s chief executive said recently.

At a meeting with the Mozambican President in Brussels, where Armando Guebuza took part in the 4th European Union-Africa Summit, Paolo Scaroni detailed the advances made in prospecting.

Scaroni assured the Mozambican president that the group would build natural gas liquefaction facilities, which will supply Asian markets, as well as projects to make use of the gas locally, such as a facility to transform the gas into liquid fuel.

“The development projects will start to create jobs with the beginning, in the next few months, of construction of the coastal road between Pemba and Palma,” said the chief executive of the Italian group, according to Mozambican news agency AIM.

Scaroni noted the strategic importance of the company’s business in the country, which leverage the group’s growth in the mid- and long-term. (macauhub)