Shell eyes Anadarko’s assets in Mozambique

21 July 2012, Sweetcrude, MAPUTO – The Royal Dutch Shell has started discussions with US firm Anadarko Petroleum for the later’s gas assets in Mozambique.

The talks concern Anardarko’s 36.6 per cent stake in the Rovuma-1 offshore gas fields. Shell wants to acquire some or all of the stake, Bloomberg reports.

Anadarko, however, is reluctant to sell before further results of exploration in the area are known, the unnamed sources told the news wire.

Anadarko has not begun a formal auction process for the stake, which could fetch about $8 billion based on the price.

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  • Energy companies are constantly looking to grow their assets. It is therefore no wonder that Shell would be interested in Anadarko’s assets in Mozambique.