OGJ Newsletter

09/02/2013
GENERAL INTEREST — Quick Takes Anadarko sells stake in offshore Mozambique Area 1 Anadarko Petroleum Corp. agreed to sell a 10% stake in its offshore Mozambique Area 1 to ONGC Videsh Ltd., a wholly owned unit of Oil & Natural Gas Corp. Ltd., for $2.64 billion. After closing, expected by Dec. 31, Anadarko will remain Area 1 operator with 26.5% working interest. Closing is subject to preferential rights by partners and governmental approvals. Area 1, in deepwater Rovuma basin, contains the Prosperidade and Golfinho-Atum natural gas complexes that hold an estimated 35-65 tcf of recoverable gas. In cooperation with Mozambique's government and others, Anadarko said it will continue devel...
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