Anadarko Agrees on Mozambique Gas-Field Development With Eni
- Companies to tap adjoining reservoirs in `coordinated manner'
- Fuel production is destined for export as well as domestic use
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Anadarko Petroleum Corp. and Eni SpA agreed on a plan to develop adjoining natural-gas areas off Mozambique as the East African nation moves toward getting its first exports off the ground.
The two companies will drill the reservoirs -- in Anadarko’s Area 1 and Eni’s Area 4 -- in a “separate but coordinated manner,” they said in separate statements. The agreement, targeting 24 trillion cubic feet of gas from the areas combined, is subject to approval by the government.