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| Mitsui acquires interest in oil & gas exploration block in Mozambique Mitsui & Co., Ltd. has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire a partial interest in oil and gas exploration block in the Republic of Mozambique, which is being promoted by Anadarko, Empresa Nacional de Hidrocarbonetos and Artumas Group Inc. The closing of the transaction is subject to the satisfaction of customary conditions precedent of the approval by Mozambican governmental authorities. The acquired interest in the Exploration Concession is for the Rovuma Offshore Area 1 Block, located north off the coast of Mozambique. Seismic and other geological analysis and drilling of exploration wells for hydrocarbons will be carried out over the next 4 years. write your comments about the article :: © 2008 Construction News :: home page |