Qatar Petroleum, ExxonMobil, enter Mozambique offshore oil blocks

Image: Qatar Petroleum Twitter

Qatar Petroleum, together with ExxonMobil, has acquired a participating interest in three offshore exploration blocks in Mozambique.

The two company’s signed an exploration deal for the underexplored A5-B block in the Angoche basin and blocks Z5-C and Z5-D in the Zambezi basins.

Other stakeholders in the blocks include affiliates of Empresa Nacional de Hidrocarbonetos with a 20 percent interest and Russia’s Rosneft with a 20 percent interest. ExxonMobil, who is the operator, has a 50 percent participating interest, while Qatar Petroleum has a 10 percent stake.

Saad Sherida Al-Kaabi, the minister of state for energy affairs, and president and CEO of Qatar Petroleum, said that exploration would likely begin soon.

He added that this was Qatar Petroleum’s first time exploring wells in offshore Mozambique.
The two Zambezi blocks have a total area of about 10,200km2 and the Angoche basin block has an area of about 6,450km2.