Inpex gets Mozambique stake from Statoil

Inpex Corp. has taken a 25% farmout from Statoil in an exploration license covering areas 2 and 5 in the Rovuma basin offshore Mozambique.

Statoil said the Transocean Discoverer Americas drillship will drill the first of two wells in the area in the second quarter.

The blocks cover 8,041 sq km with water depths of 300-2,500 m. They are 1,750 km northeast of Maputo, south of where groups led by Anadarko Petroleum Corp. and Eni SPA have made world-class natural gas discoveries in offshore areas 1 and 4.

Statoil last year farmed out a 25% interest to Tullow Oil PLC (OGJ Online, Aug. 14, 2012).

After the Inpex farmout, which remains subject to government approval and will represent the Japanese company’s first activity in Mozambique, interests will be Statoil Oil & Gas Mozambique AS 40%, Inpex Mozambique and Tullow Mozambique Ltd. 25% each, and Empresa Nacional de Hidrocarbonetos EP 10%.

Related Articles

IAGC appoints new president

09/19/2014 The board of the International Association of Geophysical Contractors has reported that Ken Wells has been named as the organization’s president.

MARKET WATCH: Crude oil futures down more than $1 in New York, London

09/19/2014 The New York Mercantile Exchange October crude oil contract lost $1.35 to $93.07/bbl on Sept. 18. The November contract declined $1.22 to $91.98/bbl.

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

09/19/2014 ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted...

ExxonMobil, Linn to make second asset exchange this year

09/19/2014 ExxonMobil Corp. has agreed to trade interest in 500 net acres from South Belridge field near Bakersfield, Calif., to Linn Energy LLC, Houston, in ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected