Exxon Mobil acquires stake in offshore Mozambique

Exxon Mobil acquires stake in offshore Mozambique

ExxonMobil and Eni signed a sale and purchase agreement to enable ExxonMobil to acquire a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique from Eni, the company announced Thursday. Eni currently holds a 50 percent indirect share in the block through a 71.4 percent stake in Eni East Africa, which…

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Anadarko to invest US$770 million in exploration and Mozambique LNG

Anadarko to invest US$770 million in exploration

Anadarko Petroleum Corp. has announced its 2017 initial capital expectations and guidance. In the statement, Anadarko has announced its expectations to invest approximately US$770 million in its deepwater and international exploration programme and LNG project in Mozambique. Within the year, the company is planning to drill up to 10 exploration/appraisal wells in the deepwater Gulf…

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