Statoil to explore offshore Mozambique
“The position strengthens and develops our global exploration portfolio. We are enthusiastic about this opportunity and look forward to working with Eni, Sasol and ENH to explore for hydrocarbons offshore Mozambique.” says Maden.
The Eni led partnership will subsequently enter into negotiations with the authorities.
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%.
The minimum work program includes seismic and three commitment wells.
“The Angoche area is a very promising frontier basin with significant oil potential and builds on Statoil's exploration strategy of access at scale,” says Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere.
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