Related Articles
Forward article link
Share PDF with colleagues

Large Mozambique gas stake on offer

Bids were invited in March for a substantial interest in one of the world's largest undeveloped gas areas

Anadarko, operator for an offshore area which is due to supply a 10-train liquefied natural gas (LNG) complex, and India's Videocon, a participant, are selling a combined 20.0% holding in the licence. The sale is designed to attract one of the largest LNG players into the development, which is being targeted for a go-ahead decision this year. Each company is to sell 10.0% in the Area 1 licence, with Anadarko's interest falling to 26.5% and Videocon - controlled by Indian businessman Venugopal Dhoot - selling its entire holding. Other interests in the licence are Mitsui, with 20.0%, India's BPRL Ventures, 10.0%, Thailand's PTT, 8.5% and the state's ENH, 15.0%. Area 1 has seen three years of s

Also in this section
Latest licensing rounds
23 March 2018
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Trump's offshore oil ambitions sinking
23 March 2018
A clumsy roll-out has imperiled a plan to open nearly all of America's waters to drilling
North Sea—life in the old dog
12 March 2018
There's still plenty more value to be eked out of the maturing basin, according to one of the region's most experienced operators