Deal Insight
ADNOC buys Galp's stake in Mozambique Area 4 for US$1.1 billion
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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:
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