Mitsui Takes Stake Offshore Mozambique

Japan's Mitsui has announced that it has acquired a 20% interest in the Rovuma Offshore Area 1 block in Mozambique. Newly-created unit Mitsui E&P Mozambique Area 1 bought the stake from US independent Anadarko Petroleum. A Mitsui spokesman said the deal was worth around JPY15bn (US$141mn), including the purchasing of the stake, exploration and other costs.

To read the full article, please choose one of the following options: