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Mozambique: QP farms into ExxonMobil blocks

Qatar Petroleum (QP) has signed a deal with ExxonMobil to acquire a 10% interest in three offshore exploration blocks in the Angoche and Zambezi basins. Contracts for the blocks, A5-B in the Angoche Basin and Z5-C and Z5-D in the Zambezi Basin, were finally signed with the US supermajor in October this year, following a licensing round launched in October 2014. Assuming the deal is approved, the other shareholders will be operator ExxonMobil with 50%, state oil company Empresa Nacional de Hidrocarbonetos (20%) and Rosneft (20%).

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