IVZ media thread, page-5599

Aiteo, Africa’s leading oil independent, which is owned by Nigerian business tycoon Benedict Peters, is now operator of the prolific Mazenga gas block: Mozambique’s largest onshore gas block

Africa’s largest oil independent, Aiteo, has marked a significant expansion in its global energy portfolio by acquiring a major stake in the Mazenga gas block, the largest onshore gas reserve in Africa, situated in Mozambique.

The strategic acquisition was made possible through a series of agreements with Mozambique’s State oil firm, Empresa Nacional de Hidrocarbonetos (ENH), effectively positioning Aiteo as the new operator of the block.

The Mazenga gas block, located in Mozambique’s prolific sedimentary basin, covers an area of approximately 23,000 square kilometres and is estimated to hold 19 trillion cubic feet of gas. In response to this venture,

Aiteo has launched a comprehensive development program, which includes aeromagnetic and gravitational geological studies, field surveys, and the reprocessing of existing data.

https://clubofmozambique.com/news/africas-leading-oil-independent-secures-major-stake-in-mozambiques-mazenga-gas-block-251452/

But - How much did those "series of agreements" amount to ?