Anadarko Petroleum and ENI join forces in natural gas in Mozambique

4 December 2015

US oil group Anadarko Petroleum and Italy’s ENI will jointly process the natural gas to be extracted in two contiguous blocks of the Rovuma basin in northern Mozambique, announced the two groups in statements issued Thursday.

Under the agreement the contiguous reservoirs known as Prosperidade and Mamba will be developed separately but coordinated by the two operators until 24 trillion cubic feet of natural gas have been extracted.

“The subsequent development will be pursued by the concession holders of Areas 1 and 4 through a partnership that will be established, in which capital will be divided equally between the two groups,” the statements said.

The Anadarko Petroleum group is the Area 1 block operator, with 26.5 percent, and its partners are Mozambican government’s Empresa Nacional de Hidrocarbonetos (15 percent), Mitsui E&P Mozambique Area 1 Limited (20 percent), Beas Rovuma Energy Mozambique Limited (10 percent), BPRL Ventures Mozambique BV (10 percent), ONGC Videsh Limited (10 percent) and Mozambique PTTEP Limited Area 1 (8.5 percent).

In turn, the ENI group is the Area 4 block operator with an indirect stake of 50 percent owned by ENI East Africa (EEA), which controls 70 percent of the block and the remaining partners are Galp Rovuma (10 percent), KOGAS Mozambique (10 percent) and Empresa Nacional de Hidrocarbonetos (10 percent).

The China National Oil And Gas Exploration And Development Corporation (CNODC) controls an indirect 20 percent stake in the Area 4 block through ENI East Africa. (macauhub/MZ)

MACAUHUB FRENCH