Currently, Eni holds a 50% indirect share in the block through a 71.4% stake in Eni East Africa, which owns 70% of the Area 4 concession. The deepwater Area 4 block contains an estimated 85 trillion ft3 of gas, which will provide resources for an LNG project. The US$2.8 billion acquisition will be completed following the satisfaction of various conditions, including clearance from Mozambican and other regulatory authorities.