Deal Insight

ADNOC buys Galp's stake in Mozambique Area 4 for US$1.1 billion

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ADNOC acquired Galp Energia's 10% stake in Area 4 Mozambique. The asset comprises the Coral Sul Floating LNG project, and two development opportunities: Coral Norte FLNG and Rovuma LNG. The transaction supports ADNOC's international gas strategy. For Galp, this deal continues the high grading of its upstream portfolio.

Table of contents

  • Coral Sul
  • Coral Norte
  • Rovuma LNG
  • Galp Energia’s Mozambique asset
  • Upside
  • Risks
  • ADNOC
  • Galp Energia

Tables and charts

This report includes the following images and tables:

  • Map: Mozambique Area 4
  • Reserve and Production Valuation Metrics
  • Wood Mackenzie Valuation (Upstream Assets) - NPV and Implied Long-term Oil Price
  • Base case Oil & Gas Price Modelling Assumptions
  • Market Oil & Gas Prices

What's included

This report contains:

  • Document

    ADNOC buys Galp's stake in Mozambique Area 4 for US$1.1 billion

    PDF 1.40 MB