Petroleum Africa
Find us on: 
Friday, June 14, 2013
Mozambique’s ENH confirmed that it is not interested in selling its stake in the Rovuma offshore gas field to international producers, despite previous reports to the contrary. “It is not in our minds to sell,” CEO Nelson Ocuane told Bloomberg. “Our mandate is to add value to the natural resource discoveries in the country.”
ENH has a 15% interest in the Rovuma-1 block and there were reports previously that Indian firms ONGC and OIL were considering buying ENH’s stake in the block jointly. However, while ENH has been approached, Ocuane said that all interest in the stake had been rebuffed by the state-run firm.
“We can only materialize our vision with our participation in all of the process, including the development of the project and the investment phase,” Ocuane said. “Our vision is to make ENH profitable in the next few years and, if possible, to increase our stakes.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
