Eni Permitted To Sell Part Of Stake In Offshore Area 4

News: Mozambique's government has permitted Italy's Eni to divest a part of its stake in the Area 4 natural gas field, reports Natural Gas Asia. Eni is the operator of the Area 4 with an indirect 50% participating interest. In 2013, the company sold a 20% interest in the field to CNPC for US$4bn. The company has appointed Bank of America Merrill Lynch for advising on the sale of a 15% stake in the field that is expected to raise up to US$5bn.

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Related sectors of this article: Oil & Gas, Upstream, Exploration
Geography: Mozambique

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