Deal Insight
ADNOC buys Galp's stake in Mozambique Area 4 for US$1.1 billion
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
ADNOC acquired Galp Energia's 10% stake in Area 4 Mozambique. The asset comprises the Coral Sul Floating LNG project, and two development opportunities: Coral Norte FLNG and Rovuma LNG. The transaction supports ADNOC's international gas strategy. For Galp, this deal continues the high grading of its upstream portfolio.
Table of contents
- Coral Sul
- Coral Norte
- Rovuma LNG
- Galp Energia’s Mozambique asset
- Upside
- Risks
- ADNOC
- Galp Energia
Tables and charts
This report includes the following images and tables:
- Map: Mozambique Area 4
- Reserve and Production Valuation Metrics
- Wood Mackenzie Valuation (Upstream Assets) - NPV and Implied Long-term Oil Price
- Base case Oil & Gas Price Modelling Assumptions
- Market Oil & Gas Prices
What's included
This report contains:
Other reports you may be interested in
Asset Report
Rovuma LNG (Area 4) - Commercial Overview
Rovuma LNG is a proposed LNG development in Mozambique, commercialising gas from the Area 4 offshore block. The block was offered ...
$2,700
Asset Report
Peregrino
Peregrino is a heavy oil field located in the shallow waters of the Campos basin.
$3,720
Insight
Q3 2025 pre-FID project tracker: Majors top-up project pipeline despite capital discipline
Our Q3 2025 outlook for global pre-FID upstream projects.
$6,750
