Deal Insight

ONGC pays $2.64 billion for 10% in Mozambique Area 1

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01 August 2013

ONGC pays $2.64 billion for 10% in Mozambique Area 1

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

    • 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:

  • Document

    ONGC pays $2.64 billion for 10% in Mozambique Area 1

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