Deal Insight
ONGC pays $2.64 billion for 10% in Mozambique Area 1
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Report summary
This is the fourth deal in Mozambique's emerging LNG space in the past 18 months, all with NOC buyers. Anadarko crystallises some of the value of its position, ahead of project development, at an attractive price. The company retains 26.5% and operatorship of Area 1. ONGC increases its stake to 16%, adding to the position it acquired from Videocon earlier this year. What does this deal change? The cost of buying in to Mozambique LNG has increased - this deal was done at a 6% premium ...
Table of contents
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Executive summary
- What does this deal change?
- What next for Anadarko?
- Transaction details
- Oil & gas pricing and assumptions
Tables and charts
This report includes 4 images and tables including:
- Transaction details: Table 1
- Transaction details: Image 1
- Mozambique Area 1 and Area 4 Map
- Oil & gas pricing and assumptions: Table 1
What's included
This report contains:
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