One-Page Deal Sheet
Statoil Announces Farm-In Agreement in Mozambique
Inpex Corp Equinor
Announced Date
April 02,2013
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"Rovuma Basin"}
Location
Region
Africa
Country
Mozambique
Transaction Details: Subscribe to see
Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Japan-based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION.
The licence, which consists of two blocks under one licence agreement, is located in areas 2 and 5 offshore Mozambique in the Rovuma basin.
Nick Maden, senior vice president in Exploration international in Statoil.
"The farm-down reflects the attractiveness of Statoil's acreage in Mozambique. Bringing INPEX onboard allows the companies to diversify geological risk while sharing the potential upside. The…
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