CNPC farms into Eni’s Mozambique block
- 18 Mar 2013
China National Petroleum Corporation has paid $4.21bn for a 20% stake in Eni’s Offshore Area 4. The deal gives the Chinese company a significant share in the block’s massive gas reserves, and reduces Eni’s exposure to the development costs. CNPC’s presence in Africa is mostly onshore, in Sudan, Chad and Niger, though the company also has acreage offshore Equatorial Guinea and Nigeria.
Want to read more?
(Access to one 100-400 word article)
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
A member of our team will be pleased to assist you
Sales – Alex Wark
Support – Tara Mulvey
Tel: +44 (0)1424 721667