BP and Royal Dutch Shell are separately considering acquiring a 20% stake in Eni’s gas field in Mozambique for $4bn.
French oil company Total is also said to be interested in buying the stake, according to the Independent.
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Mamba South 1 gas discovery, which Eni has a 70% interest, is located in Area 4 of the Rovuma Basin in water depths of 1,585m, about 40km off the Cabo Delgado coast.
Eni hopes to sell the 20% stake in what is claimed to be the biggest gas find in history; in return, it will seek help in taking over the capital expenditures arising from the drilling operations.
The Italian oil and gas firm is the operator of Area 4; with Portuguese oil and gas company Galp Energia, Korea Gas Corp and national oil company of Mozambique ENH each holding a 10% interest.
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