Rosneft and ExxonMobil team up in Mozambique

Russian and US majors win rights to explore in three blocks in Mozambique licensing round

The partners were awarded blocks A5-B in the Angoche Basin as well as Z5-C and Z5-D in the Zambezi basin. The companies will start talks with the government of Mozambique and the Instituto Nacional de Petroleo (INP) on the detailed terms of participation. Once completed ExxonMobil will become the operator, Rosneft said in a statement. The companies already produce oil together off the coast of Russia's Sakhalin Island but further cooperation between the two in Russia's Arctic was halted when the US imposed sanctions on Russia in order to punish it for its military activity in Ukraine. South Africa's Sasol was also awarded block PT5-C adjacent to its Pande and Temane fields with partner, Moza