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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 7 pages

Country: Mozambique

Sector: Exploration and Production (Energy)
Total to Acquire 40% Interest in PSC Covering Offshore Blocks 3 and 6 in Rovuma Basin of Mozambique from Petronas - Deal Enables Total to Expand in East Africa – Deal Analysis from GlobalData

Summary

Total S.A (Total) agreed to acquire a 40% interest in a Production Sharing Contract (PSC) covering the offshore blocks Area 3 and Area 6 of the prolific Rovuma Basin, in Mozambique, from Petroliam Nasional Berhad (Petronas). The transaction’s completion is subject to the approval of Mozambique’s government.

Scope

- Rationale behind Total acquiring 40% Interest in PSC covering offshore blocks 3 and 6 in Rovuma Basin of Mozambique from Petronas.
- The deal talks about Anadarko Petroleum Corporation and Eni S.p.A having found large reserves of natural gas in the Rovuma Basin.
- Geography covered - Mozambique

Reasons to buy

- Develop a sound understanding of Total expanding its presence in East Africa by entering into PSC in Rovuma Basin in Mozambique.
- To know about how Total has been expanding inorganically in East Africa since 2011.
- To have an understanding of blocks area 3 and area 6 acquired by Total which are part of the prolific Rovuma Basin of Mozambique where Anadarko Petroleum Corporation and Eni S.p.A have found large reserves of natural gas.
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