Anadarko is contemplating the divestment of its share in Mozambique's gas reserves. Another contender for it is Qatar Petroleum. Apparently, Netherlands-based Royal Dutch Shell plc RDS.A left after announcing its $70 billion purchase of London-based BG Group plc.
Per the sources, it's not clear whether Anadarko deems the completion of the deal to be an urgent one. Uncertainty also lies with respect to the company's decision to sell the total or just a portion of its remaining 26.5% stake. In 2013, Anadarko received a sum of $2.64 billion in cash by selling a 10% stake in the Offshore Area 1 block in Mozambique's deepwater Rovum Basin. Area 1 spans across 2.6 million acres.
None of the companies - ExxonMobil, Anadarko nor Royal Dutch Shell - disclosed any details regarding this development.
It is believed that the Rovum Basin has the ability to grow into one of the world's largest LNG-producing hubs by 2018. Per the Reuters report, Anadarko had also proposed to construct a major liquefied natural gas export project, which will be fed by Area 1 reserves.
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