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QP CEO

Qatar’s QP farms into Mozambique block

MAPUTO, March 12, 2019 – Qatar Petroleum (QP) has reached an agreement with Eni to farm into Block A5A offshore Mozambique.

 

QP will take a 25.5% interest in the block, which covers 5,133 square kilometres in the Angoche Basin.

QP president and CEO Saad Sherida Al Kaabi, who is also minister of state for energy affairs, said the deal is meant “to ensure diversification of geographies as well as geologies and basins.”

In December, QP announced the acquisition of a 10% participating interest in three of ExxonMobil’s offshore exploration blocks in the country, one of which neighbours A5A.

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