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

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

03/21/2014 A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine...

Industry group welcomes most UK budget moves

03/21/2014 Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annu...

MARKET WATCH: Crude oil, gas futures prices slide entering spring

03/21/2014

The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

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