Total SA will take a farmout to acquire a 40% interest from Malaysia’s Petronas in Blocks 3 and 6 offshore northern Mozambique.
Petronas will remain operator of the blocks, which total 15,250 sq km in as much as 2,500 m of water east and south of Pemba. An exploratory well is expected to spud by yearend.
The oil potential of the southern part of the Rovuma basin might equal the gas potential of the northern part, Total said.