ExxonMobil closes Eni Mozambique deal
Mozambique The price tag of the deal was reported earlier this year at USD 2.8 billion.
“ExxonMobil now owns a 35.7% interest in Eni East Africa (to be renamed Mozambique Rovuma Venture), which holds a 70% interest in Area 4, and is co-owned with Eni (35.7%) and CNPC (28.6%),” the super-major said in a statement on Wednesday. “The remaining interests in Area 4 are held by Empresa Nacional de Hidrocarbonetos EP (10%), Kogas (10%) and Galp Energia (10%).”
Eni will remain in charge of upstream operations and the Coral FLNG project, while ExxonMobil will build and operate all future LNG facilities, the statement added.
Recent Posts
Iberdrola to triple offshore wind assets to $18 billion
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Angola’s Azule Energy awards Saipem $850-million contract
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More