On 29 January 2018, local media reported that Statoil had decided to quit negotiations about Angoche Area A5-A after two years of discussions with Mozambican government. Statoilâs rights were passed to Eni, the operator of the block. The 5,145 sq km offshore block, which is located in the Angoche Basin, was awarded to Eni on 29 October 2015 in the Mozambique fifth licensing round, subject to agreement on the terms. Eni was handed the operatorship of the block with a 34% interest. Partners are Sasol 25%, Statoil 25% and ENH 15%. The partners are committed to spend USD 115 million for the first 4-year period including the acquisition of 4,000 sq km 3D seismic data and the drilling of three wells. Â 
The lack of progress in negotiations and an unattractive business environment are reportedly behind Statoilâs decision to quit block A5-A. 25% will presumably re-distributed among remaining parties Eni (op) 34%, Sasol 25%, ENH 15%.