By Nathan Allen

ENI SpA (ENI.MI) said Wednesday that it has acquired exclusive exploration and development rights for a block in deep waters offshore Mozambique, after winning the country's latest bidding round.

The A5-A block covers more than 5,000 square kilometers at depths of between 300 meters and 1,800 meters and is completely unexplored, Eni said.

It sits in the Northern Zambezi Basin, near the prolific Rovuma Basin, where Eni has been developing the Mamba LNG reservoirs.

Eni is the operator of the Block A5-A Consortium, which also comprises Sasol Ltd. (SOL.JO) and Mozambique's national oil company ENH.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

October 17, 2018 10:22 ET (14:22 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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