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

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

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