As per the agreement, the companies will work out a program to carry out separate yet coordinated offshore activities across Mozambique’s offshore Area 1 and Area 4 blocks.
Eni is the operator of Area 4, whereas Anadarko is the operator of Area 1.
The two companies are also moving ahead with their plans to jointly setup a liquefied natural gas (LNG) park in the Cabo Delgado Province of northern Mozambique.
Eni and Anadarko have been awarded the front end engineering and design contracts for the LNG park and offshore installation.
Anadarko Petroleum president and CEO Al Walker said the agreement will help the companies to share infrastructure and develop the common resources and independent reservoirs on both the blocks.
"Our commercial and technical teams have proven the ability to work collaboratively through these discussions, as we work alongside the Mozambican government toward a shared target of first LNG cargoes in 2018," Walker added.
"Awarding FEED is an important event for Mozambique, as it marks a significant milestone in the development cycle of this project."
Eni holds 70% interest in Area 4 block, while the remaining interest in the block is equally shared between GalpEnergia, KOGAS, and ENH.
Anadarko holds 36.5% working interest in Area 1 block, whereas Mitsui E&P Mozambique Area 1 owns 20% interest, BPRL Ventures Mozambique has 10% interest, Videocon Mozambique Rovuma 1 owns 10%, and PTT Exploration & Production has 8.5%.
Empresa Nacional de Hidrocarbonetos, ep’s (ENH) 15% interest is carried through the exploration phase.
