Cobalt International Energy Inc plans to sell its 20% working interest in the Shenandoah deepwater oilfield in the US Gulf of Mexico.

Situated in Blocks 51, 52 and 53 of Walker Ridge area, the Shenandoah field lies in a water depth of 5,800ft.

The field is currently owned by Anadarko Petroleum Corporation (33%, operator), ConocoPhillips (30%), Cobalt International (20%) and Venari Resources LLC (17%).

Atlantic Petroleum P/F has agreed to sell its 25% stake in the Orlando development field located in UK North Sea to Decipher Energy Limited.

The consideration includes a 2% revenue share of the total Orlando production until the production milestone of five million barrels of oil is achieved. The revenue share will be revised to 4.35% once production is above milestone target.

Located in 3/3b block of the UK Continental Shelf within P1606 seaward production licence, Orlando field is estimated to hold recoverable reserves of up to 15.3 million barrels of oil.

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By GlobalData
"Orlando field is estimated to hold recoverable reserves of up to 15.3 million barrels of oil."

The field is currently owned by Iona Energy Company (UK) Limited (75%) and Atlantic Petroleum (25%, operator).

Upon completion of the deal, Orlando field will be owned by Iona Energy (75%) and Decipher Energy (25%).

ExxonMobil has agreed to buy 25% indirect interest in the Area 4 block in offshore Mozambique from Eni. The deal involves a purchase consideration of approximately $2.8bn.

Eni currently holds 50% indirect interest in the natural gas-rich block through a 71.4% stake in Eni East Africa, which owns 70% of the Area 4 concession.

Eni East Africa will be owned by Eni (35.7%), ExxonMobil (35.7%) and CNPC (28.6%) upon completion of the deal.