0
 

CNPC farms into Eni’s Mozambique block


Issue 250 - 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?

Small article

£4

(Access to one 100-400 word article)

Subscribe to African Energy

View subscription options

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

Register

Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667