Mozambique
Wentworth leads consortium with Cove Energy and Maurel & Prom The Dubai-based Wentworth Resources (Wentworth) is an independent oil and gas company with natural gas production and a committed exploration program in the Rovuma Basin of southern Tanzania and northern Mozambique. Wentworth and its concession partners Cove Energy (Cove) and Maurel & Prom own a gas […]
Atum discovery proves Rovuma prolific to Anadarko The Atum natural gas field is located approximately at 16 killometers distance from the previous Golfinho discovery to the Northwest within the Offshore Area 1 of the Rovuma Basin. In the Offshore Area 1 of the Rovuma basin, Anadarko Petroleum Company (Anadarko) and its partners share working interests as: […]
Shell proposes $1.8 billion cash to acquire Cove Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer based on $0.195 per share, representing $1.57 billion capital expenditure for the acquisition. Then PTTEP submitted a $1.78 billion cash counter offer valued on $0.220 per share. Then Shell came back with a proposal based on $1.8 […]
Through the Lagosta III well, located in the gas field Rovuma Basin Area 1, Mozambique, Cove Energy along with Anadarko Petroleum has discovered unexpected quantities of gas. The high quality of this gas and its geographical position fit perfectly with the demand in Asia where gas prices are attractive and sustainable. Since then, Shell and […]
