Rome-based Eni, which earlier this decade led the discovery of an estimated 85 trillion cubic feet of natural gas in Mozambique, on Wednesday signed an accord in Maputo that will allow it to begin exploration work in a previously unexplored area in the country’s deep waters. The contract involves rights for exclusive exploration and development of the offshore block A5-A which are deep waters of the Zambezi basin. In bidding, Eni was named as operator and awarded a 59.5 percent stake, South Africa’s Sasol received a 25.5 percent and the Mozambique government held onto the rest, Eni said Wednesday. It is a “completely unexplored zone” with water depth ranging from 984 feet to nearly 6,000 feet, Eni […]