Deals
Statoil Sells 25 Percent Stake in Mozambique License to Inpex
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Statoil ASA, Norway’s biggest energy company, agreed to sell a 25 percent share in a license off Mozambique to Japan’s Inpex Corp.
The license consists of two blocks in areas 2 and 5 in the Rovuma Basin, where the Stavanger-based company will drill two wells in the second quarter, Statoil said in a statement. The terms of the agreement are confidential, it said.