Aiteo has expanded its portfolio by securing a significant stake in Mozambique’s Mazenga gas block, the largest onshore gas reserve in Sub-Saharan Africa. The Mazenga assets, in Mozambique’s rich sedimentary basin, span approximately 23,000 square kilometers and are estimated to contain a substantial gas reserve of 19 trillion cubic feet. Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos (ENH), has appointed Aiteo as the block’s operator.

Aiteo has launched an intensive development program. This includes aeromagnetic and gravitational geological studies, thorough field inspections, and the reinterpretation and processing of existing data.

Aiteo, as Africa’s largest indigenous oil producer, already plays a significant role in the continent’s oil industry, producing nearly 100,000 barrels of oil per day and contributing over five percent to Nigeria’s daily oil output. With its expansion into Mozambique, Aiteo is aggressively pursuing exploration and production opportunities across Africa and beyond, adding to its existing assets in the Niger Delta basin and the Benue Trough.

KeyFacts Energy: Aiteo Mozambique country profile   l   KeyFacts Energy news: New Kid on the Block