{"id":6762,"date":"2018-01-30T05:24:43","date_gmt":"2018-01-30T05:24:43","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=6762"},"modified":"2018-01-30T05:24:43","modified_gmt":"2018-01-30T05:24:43","slug":"statoil-quits-negotiation-angoche-area-5-block-offshore-mozambique","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/statoil-quits-negotiation-angoche-area-5-block-offshore-mozambique\/","title":{"rendered":"Statoil Quits Negotiations over Angoche Area A5-A Block, Offshore Mozambique"},"content":{"rendered":"

Norwegian explorer Statoil has said it will no longer engage with Mozambique on acquisition of the offshore Angoche Area A-5 Block citing lack of progress since talks began in 2015 after they were awarded the license following the first licensing round<\/a>.<\/p>\n

According to Statoil spokesman Erik Haalnd in an interview with Reuters the company had decided to disengage in the negotiations due to little or no progress over the last 24 months as well as a deteriorating business environment.<\/p>\n

The other joint venture partners Eni through its subsidiary Eni Mozambico (operator),Sasol and ENH are however allowed to continue with negotiations.<\/p>\n

The A5-A block is located in the Northern Zambezi basin in the Angoche area about 1,500km north of the capital Maputo and covers an area of 5,145 square kilometres in water depths ranging from 200 to 1800 meters<\/p>\n

The minimum work program includes seismic and three commitment wells.<\/p>\n

Statoil had earlier described the block as a very promising frontier basin with significant oil potential.<\/p>\n

\u201cThe 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,\u201d Said senior vice president for Statoil\u2019s exploration activities in the Western Hemisphere Nick Maden.<\/p>\n

Eni Mozambico is the operator of the Joint Venture with 34 percent participating interest while partners Statoil\u00a0and Sasol have 25,5 percent each and\u00a0 ENH\u00a0holds 15percent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Norwegian explorer Statoil has said it will no longer engage with Mozambique on acquisition of the offshore Angoche Area A-5 Block citing lack of progress since talks began in 2015 … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":6763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[3458,5567,766,768,3273,1636,6700,2249,2404],"class_list":["post-6762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-a5-a","tag-angoche-area","tag-enh","tag-eni","tag-first-licensing-round","tag-mozambique","tag-northern-zambezi-basin","tag-sasol","tag-statoil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/01\/Mozambique-A5-A.jpg?fit=468%2C479&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1L4","jetpack-related-posts":[{"id":3969,"url":"https:\/\/www.oilnewskenya.com\/index.php\/eni-statoil-land-angoche-area-a5-a-block-license-offshore-mozambique\/","url_meta":{"origin":6762,"position":0},"title":"Eni, Statoil land Angoche area A5-A block license offshore Mozambique","author":"","date":"November 2, 2015","format":false,"excerpt":"Eni, Statoil together with partners have announced they have been awarded the A5-A block offshore Mozambique in the fifth competitive bidding round one of three blocks that had remained unlicensed of 8 areas that had received bids . The A5-A block is located in the Northern Zambesi basin in the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Mozambique.png?fit=397%2C516&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7151,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-approves-pscs-awarded-5th-competitive-bidding-round\/","url_meta":{"origin":6762,"position":1},"title":"Mozambique Approves PSCs Awarded During the 5th Competitive Bidding Round","author":"","date":"August 13, 2018","format":false,"excerpt":"The Mozambique\u2019s government has approved exploration contracts to various international companies awarded blocks during the 5th Competitive Bidding Round\u00a0in 2015 after four years of delays. The companies which include: N-Exploration\u00a0(100%\u00a0Rosneft\u00a0subsidiary) and\u00a0ExxonMobil Exploration and Production Mozambique Offshore\u00a0which were awarded 3 blocks (A5-B in the Angoche Basin\u00a0and\u00a0Z5-C and Z5-D in the Zambezi\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/08\/5th-license-round.jpg?fit=513%2C722&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5428,"url":"https:\/\/www.oilnewskenya.com\/index.php\/enis-ceo-meets-president-of-mozambique-filipe-nyusi\/","url_meta":{"origin":6762,"position":2},"title":"Eni’s CEO meets President of Mozambique, Filipe Nyusi","author":"","date":"November 24, 2016","format":false,"excerpt":"Eni\u2019s CEO also met with Mozambique\u2019s Prime Minister Carlos Agostinho do Ros\u00e1rio, the Minister of Mineral Resources Let\u00edcia Klemens, and the president of the state company ENH Omar Mith\u00e1. The President of the Republic of Mozambique, Filipe Jacinto Nyusi, met Eni\u2019s CEO, Claudio Descalzi, in Maputo. During the meeting, Mr\u2026","rel":"","context":"In \"Angoche area\"","block_context":{"text":"Angoche area","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/angoche-area\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/eni2.jpg?fit=224%2C224&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3953,"url":"https:\/\/www.oilnewskenya.com\/index.php\/exxonmobil-rosneft-big-winners-in-mozambique-fifth-licensing-round\/","url_meta":{"origin":6762,"position":3},"title":"ExxonMobil, Rosneft big winners in Mozambique Fifth Licensing Round","author":"","date":"October 29, 2015","format":false,"excerpt":"N-Exploration\u00a0(100%\u00a0Rosneft\u00a0subsidiary) and\u00a0ExxonMobil Exploration and Production Mozambique Offshore\u00a0have been awarded 3 blocks in the fifth licence round organized by the\u00a0Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petr\u00f3leo). This is out of a total of fifteen areas including from within offshore Rovuma, offshore Angoche, offshore Zambezi, onshore Pande-Temane and\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/mozambique-5th-round.png?fit=420%2C589&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2817,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-extends-block-bidding-round-june-2015\/","url_meta":{"origin":6762,"position":4},"title":"Mozambique again extends block bidding round to June 2015","author":"","date":"April 17, 2015","format":false,"excerpt":"The government of Mozambique has for another time extended the block bidding round to June 30th 2015 from the earlier set date of April 30th according to the government. The bidding for fifteen new offshore and onshore areas that kicked off in October 2014 will see new blocks available in\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/mozambique-licensing-map.png?fit=607%2C456&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/mozambique-licensing-map.png?fit=607%2C456&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/mozambique-licensing-map.png?fit=607%2C456&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7294,"url":"https:\/\/www.oilnewskenya.com\/index.php\/qatar-petroleum-signs-exploration-agreement-mozambique\/","url_meta":{"origin":6762,"position":5},"title":"Qatar Petroleum signs an exploration agreement into Mozambique","author":"","date":"December 10, 2018","format":false,"excerpt":"Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of Mozambique. Once the acquisition is approved the various partners composing the consortium will be made up of affiliates\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/12\/Qatar-Petroleum.png?fit=1200%2C418&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/12\/Qatar-Petroleum.png?fit=1200%2C418&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/12\/Qatar-Petroleum.png?fit=1200%2C418&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/12\/Qatar-Petroleum.png?fit=1200%2C418&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/12\/Qatar-Petroleum.png?fit=1200%2C418&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=6762"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6762\/revisions"}],"predecessor-version":[{"id":6764,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6762\/revisions\/6764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/6763"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=6762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=6762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=6762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}