{"id":2826,"date":"2015-04-20T09:48:49","date_gmt":"2015-04-20T09:48:49","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=2826"},"modified":"2015-05-18T18:33:43","modified_gmt":"2015-05-18T18:33:43","slug":"exxon-mobil-qatar-petroleum-eye-anadarkos-mozambique-assets","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/exxon-mobil-qatar-petroleum-eye-anadarkos-mozambique-assets\/","title":{"rendered":"Exxon Mobil and Qatar Petroleum eye Anadarko\u2019s Mozambique Assets"},"content":{"rendered":"

Rumors are rife that Exxon Mobil and Qatar Petroleum are eyeing Anadarko\u2019s Mozambique\u00a0 assets in what is set to become another big acquisition after the major acquisition following that by Shell last \u00a0week buying BG Group for $70 billion.<\/p>\n

Anadarko\u2019s 25% stake on Mozambique\u2019s offshore Area 1 license in the gas rich Rovuma basin hold in excess of 75Tcf and are amongst of \u00a0the largest discoveries in the past years could sell in less than $7 billion with the explorer having sold another 10 percent stake to India\u2019s ONGC<\/a> for $2.64 billion although oil and gas prices have since dropped.<\/p>\n

Last week India\u2019s oil minister Dharmendra Pradhan on return from a trip to Mozambique announced that Oil India Ltd (OIL), its overseas subsidiary of Oil and Natural Gas Corp (ONGC) and Bharat Petroleum Corp Ltd (BCPL) will invest<\/a> $6 billion to develop their Mozambique acreage over the next 48 months.<\/p>\n

According to Reuters Royal Dutch Shell was also initially eyeing the assets although it has since backed off after acquiring assets northwards following the acquisition of BG Group<\/a> which holds assets in offshore Kenya and Tanzania.<\/p>\n

Currently Exxon Mobil which holds a large LNG portfolio is being seen as the front runner.<\/p>\n

Exxon Mobil also holds acreage in neighboring Tanzania<\/a> where together with its partner Statoil have discovered natural gas as well as in South Africa.<\/p>\n

Other block partners\u00a0Mitsui with 20% stake, ENH (15%), \u00a0PTTEP (8.5%) and BPRL (10%)<\/p>\n","protected":false},"excerpt":{"rendered":"

Rumors are rife that Exxon Mobil and Qatar Petroleum are eyeing Anadarko\u2019s Mozambique\u00a0 assets in what is set to become another big acquisition after the major acquisition following that by … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[147,182,236,271,858,1636,3110,2191,2297,2404,2466],"class_list":["post-2826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-anadarko","tag-area-1","tag-bg-group","tag-block-2","tag-exxon-mobil","tag-mozambique","tag-qatar-petroleum","tag-rovuma-basin","tag-shell","tag-statoil","tag-tanzania","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/04\/Area-1.png?fit=388%2C528&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-JA","jetpack-related-posts":[{"id":2804,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ongc-videsh-rovuma-area-1-block-partners-invest-6b-mozambique\/","url_meta":{"origin":2826,"position":0},"title":"ONGC Videsh and Rovuma Area-1 block partners to invest $6B in Mozambique","author":"","date":"April 14, 2015","format":false,"excerpt":"India\u2019s oil minister Dharmendra Pradhan on return from a trip to Mozambique has announced that Oil India Ltd (OIL), its overseas subsidiary of Oil and Natural Gas Corp (ONGC) and Bharat Petroleum Corp Ltd (BCPL) will invest $6 billion to develop their Mozambique acreage over the next 48 months. The\u2026","rel":"","context":"In "Profile"","block_context":{"text":"Profile","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/profile\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/04\/Mozambique-Map.jpg?fit=470%2C470&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1345,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-and-tanzania-sign-mou-to-cooperate-in-hydrocarbon-sector\/","url_meta":{"origin":2826,"position":1},"title":"Mozambique and Tanzania sign MoU to cooperate in hydrocarbon sector","author":"Samuel Kamau Mbote","date":"July 1, 2014","format":false,"excerpt":"The Tanzanian Petroleum Development Corporation (TPDC) and The Mozambique National Petroleum Institute (INP have signed a memorandum of understanding that will enable both eastern African countries partner in issues related to the oil and gas industry. The agreement will particularly focus on enabling cooperation in technical data and exploration and\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/east-africa-lng.jpg?fit=470%2C470&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7785,"url":"https:\/\/www.oilnewskenya.com\/index.php\/total-closes-the-acquisition-of-anadarkos-shareholding-in-mozambique-lng\/","url_meta":{"origin":2826,"position":2},"title":"Total Closes the Acquisition of Anadarko\u2019s Shareholding in Mozambique LNG","author":"","date":"October 1, 2019","format":false,"excerpt":"Total has announced the closing of the acquisition of Anadarko\u2019s 26.5% operated interest in the Mozambique LNG project for a purchase price of $ 3.9 billion. This closing comes after Total reached a binding agreement with Occidental on May 3, 2019, to acquire Anadarko\u2019s assets in Africa (Mozambique, Algeria, Ghana\u2026","rel":"","context":"In \"BPRL Ventures\"","block_context":{"text":"BPRL Ventures","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/bprl-ventures\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/anadarko-mozambique-lng-project.jpg?fit=664%2C400&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/anadarko-mozambique-lng-project.jpg?fit=664%2C400&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/anadarko-mozambique-lng-project.jpg?fit=664%2C400&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1199,"url":"https:\/\/www.oilnewskenya.com\/index.php\/smaller-firms-will-lead-east-africas-oil-and-gas-development\/","url_meta":{"origin":2826,"position":3},"title":"Smaller firms will lead East Africa’s oil and gas development","author":"Samuel Kamau Mbote","date":"June 11, 2014","format":false,"excerpt":"Source: Reuters Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa's oil and gas industry as majors ditch riskier projects as margins fall, executives from several oil and gas firms said on Tuesday. The region has emerged as a significant prospect for\u2026","rel":"","context":"In "News by others"","block_context":{"text":"News by others","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/news-by-others\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/sakson1.jpg?fit=387%2C519&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11557,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-coral-sul-flng-africas-first-floating-gas-plant-arrives\/","url_meta":{"origin":2826,"position":4},"title":"MOZAMBIQUE: Coral-Sul FLNG, Africa’s First Floating Gas Plant Arrives in Rovuma Basin","author":"","date":"January 10, 2022","format":false,"excerpt":"Over two months since the Coral-Sul FLNG was unveiled, the continent's first-ever deep-sea floating Liquified Natural Gas (LNG) facility has reached, marking paving the way for offshore gas production. According to the National Petroleum Institute INP the 220 000 ton vessel FLNG reached in Area 4 of the Rovuma Basin\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":978,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-sell-helps-cushion-anadarko-from-bigger-losses\/","url_meta":{"origin":2826,"position":5},"title":"Mozambique sell helps cushion Anadarko from bigger losses","author":"Samuel Kamau Mbote","date":"May 6, 2014","format":false,"excerpt":"Anadarko Petroleum has reported a net loss of $2.669 billion largely driven by\u00a0 a contingent loss of $4 billion from the Tronox Adversary proceeding agreement. The sale of a portion of the company\u2019s interest in Offshore Area A block in Mozambique led to a gain of $2.64 billion cushioning the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=2826"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2826\/revisions"}],"predecessor-version":[{"id":2827,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/2826\/revisions\/2827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/2805"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=2826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=2826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=2826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}