Anadarko Petroleum Corporation (NYSE:APC), the American oil exploration giant, announced yesterday that it has entered into an agreement with India’s Oil & Natural Gas Corporation Limited (NSE:ONGC) to sell a ten percent interest in the Mozambique offshore area.
Anadarko's transaction of Mozambique Offshore Area 1
Anadarko Petroleum Corporation (NYSE:APC) is to remain the operator of Mozambique Offshore Area 1, with a working interest of 26.5 percent. The transaction is expected to close at the end of 2013 and is subject to approvals by the governments...