US oil company Anadarko Petroleum Corp is to sell a 10 per cent stake in a Mozambique gas field offshore to a unit of Oil & Natural Gas Corp (ONGC) for $2.64 billion. aNADARKO wanted to focus more on its domestic assets.
By the end of this year, the deal for the Mozambique's offshore Area 1 is expected to close, the US company said.
Tag: Anadarko Petroleum Corp
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ONGC to buy stake in Mozambique gas block for $2.64 bn
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ONGC bids for 20% stake in Rovuma field
Media reports indicate that the public sector energy explorer ONGC (ONGC) has bid for a 20 percent stake in the Rovuma offshore field at Mozambique jointly with Oil India (OIL). US explorer Anadarko Petroleum Corp and Videocon Group,
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Global oil firms in race for stake in Mozambique block
Global oil and gas explorers like PetroChina, Exxon Mobil Corp, Royal Dutch Shell PLC are reportedly in the race for a 20 per cent stake in a Mozambique gas field co-owned by Anadarko Petroleum Corp and Videocon Chairman Venugopal Dhoot. An information memorandum on the sale was sent to potential bidders in early February and the first round bids are due on March 14, reports