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Investment Summary

Statoil Oil & Gas Mozambique A.S. Invests In Esso Exploration Mozambique

On September 30, 2010, Statoil Oil & Gas Mozambique A.S. invested in oil/gas exploration company Esso Exploration Mozambique

Investment Highlights
  • This is Statoil Oil & Gas Mozambique A.S.’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Statoil Oil & Gas Mozambique A.S.’s 1st transaction in Mozambique.
Investment Fate
  • Esso Exploration Mozambique was sold to a strategic buyer in 2012.

Investment Summary
Date 2010-09-30
Target Esso Exploration Mozambique
Sector Oil/Gas Exploration
Investor(s) Statoil Oil & Gas Mozambique A.S.
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

Statoil Oil & Gas Mozambique A.S.

Mozambique
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Statoil Oil & Gas Mozambique A.S.is engaged in oil and gas exploration.

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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