A key country in our strategy
On 9 March 2017 ExxonMobil and Eni signed a sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. This deal represents material evidence of our exploration strategy based on the early monetization of our exploration discoveries, as a part of our "dual-exploration" model.
Claudio Descalzi, CEO Eni
Eni’s sustainability projects around the world involve the local communities and improve their living conditions. There is health care for expectant mothers. There are schools for the children. There is professional training for those seeking work. These are just five little stories about how Eni’s presence in northern Mozambique is changing everyday life for whole communities. Powering Mozambique is a wonderful film made in collaboration with Maputo’s Anima Team studio and showcasing the colours and light of Africa. It is the first in a series of videos on Eni’s activities throughout the world.
We operate in Mozambique, principally in the Exploration & Production sector with the support of proprietary e-dva™ seismic processing technology. In line with the so-called “Mattei formula”, a medium to long-term programme has been defined to support local communities and, consistent with the principles of the UN Guide for Business and Human Rights, with the support of the Danish Institute for human rights, an assessment has been carried out of possible impacts on human rights of the planned gas development projects in the country.Read more
In Mozambique, the Foundation supports the efforts of the country’s authorities in reducing neonatal, infant and maternal mortality in the Palma district by increasing the quality of and access to maternal and child health services.
Eni's Board of Directors has authorized the investment for the first phase of the development of the Coral discovery (Coral South project), located in the deep waters of the Rovuma Basin (Area 4), offshore Mozambique. The project involves the construction of 6 subsea wells connected to a floating production facility FLNG (Floating Liquefied Natural Gas), with a liquefaction capacity of over 3.3 million tons of liquefied natural gas (LNG) per year, equivalent to approximately 5 billion cubic meters.Read more