Exxon inks $2.8 billion Mozambique deal with Eni
SUPERMAOR ExxonMobil has signed a sale and purchase agreement with Eni to acquire a 25% indirect interest in the natural gas rich Area 4 block, offshore Mozambique.
In a joint statement the two companies said terms included a cash price of approximately US$2.8 billion and that the acquisition would be completed on a number of condition precedents being met, notably clearance from Mozambican and other regulatory authorities.
Eni holds a 50% indirect share in the block via a 71.4% stake in...