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Investment Summary

Empresa Nacional de Hidrocarbonetos de Moçambique Invests In Esso Exploration Mozambique

On January 1, 2010, Empresa Nacional de Hidrocarbonetos de Moçambique invested in oil/gas exploration company Esso Exploration Mozambique

Investment Highlights
  • This is Empresa Nacional de Hidrocarbonetos de Moçambique’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Empresa Nacional de Hidrocarbonetos de Moçambique’s 1st transaction in Mozambique.

Investment Summary
Date 2010-01-01
Target Esso Exploration Mozambique
Sector Oil/Gas Exploration
Investor(s) Empresa Nacional de Hidrocarbonetos de Moçambique
Deal Type Stake Purchase

Target

Esso Exploration Mozambique

Mozambique
This offshore block is located approximately 1,750km northeast of Maputo, the capital of Mozambique, and covers an area of 8,041km2 with a water depth of approximately 300 to 2,500m. While the large scale reserves of natural gas discovered in the adjacent areas, this block is expected to hold crude oil reserves.

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Investor(S) 1

Investor

Empresa Nacional de Hidrocarbonetos de Moçambique

Maputo,, Mozambique
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

ENH defines as core business the Upstream , which will focus its activities in research, development and production of Oil and Gas. The main objective is to increase the odds of discovery in the research phase, optimizing field development plans in the development phase, and finally optimizing the recovery of resources in the production phase.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Mozambique M&A 1 of 1
Year: 2010 M&A 1 of 1
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