Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Anadarko Petroleum    APC

ANADARKO PETROLEUM (APC)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Anadarko Petroleum : Mozambique's ENH eyes $50b of investment in hydrocabons

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/12/2018 | 06:36pm CEST

APA-Maputo (Mozambique) The Chief Executive Officer of Mozambique’s National Hydrocarbons Company (ENH), Omar Mitha, has predicted that $50 billion of investment will be pledged for the hydrocarbon sector next year, when final investment decisions are made by the operators of Offshore Areas One and Four, Anadarko and ENI respectively.

“This will be one of the largest investments in Africa for which the Texas based company Anadarko is working towards taking its final investment decision for the construction of a facility with two factories (known as trains) capable of producing a total of 12.88 million tonnes of liquefied natural gas (LNG) per year", Mitha told a conference in Maputo on Thursday.

According to the official, the U.S. oil and gas producer Anadarko Petroleum Corp has said it expects to finalize its sales and financing agreements in order to make a final investment decision in the first half of 2019 to build the first liquefied natural gas export terminal in Mozambique. "Anadarkosaid it was ready to move forward with the Mozambique project after lining up enough customers for the LNG", Mitha added.

The capital expenditure that will be attached to these final investment decisions will be spread over several years as Anadarko has penciled in 2023/24 for the start of production, whilst Italy's ENI is looking at 2024. It should also be noted that the vast majority of this expenditure will be spent outside of Mozambique where the LNG facilities will be designed and manufactured. ENI has already taken its financial investment decision to develop a floating liquefied natural gas (FLNG) project in Area Four. The FLNG platform is to start production in 2022, with a capacity of 3.4 million tonnes of LNG a year. Mitha pointed out that there are seven blocks where hydrocarbon research and production are underway. Four are in the Mozambique Basin and three in the Rovuma Basin at the border with Tanzania. Mozambique is desperate to plug gaps in government revenue from its natural resource-rich northern region where multinational giants such as Anadarko and Italy’s ENI are exploring. The basin boasts reserves of around 180 trillion cubic feet and experts say the reserves are enough to supply energy to Britain, France, Germany and Italy for over 20 years.

CM/afm/APA

(c) 2018 Agence de Presse Africaine (APAnews). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ANADARKO PETROLEUM
07/20ANADARKO PETROLEUM : Increases Share-Repurchase Program By $1.0 Billion And Anno..
AQ
07/18CONOCOPHILLIPS : This Oil Giant Is Making a Big Bet on Alaska
AQ
07/13ANADARKO PETROLEUM CORP : Other Events, Financial Statements and Exhibits (form ..
AQ
07/12Exxon beefs up Mozambique LNG project to cut costs ahead of bank talks
RE
07/12ANADARKO PETROLEUM : Mozambique's ENH eyes $50b of investment in hydrocabons
AQ
07/12ANADARKO PETROLEUM : Schedules Aug. 1 Conference Call To Discuss Second-Quarter ..
PR
07/09ANADARKO PETROLEUM : Increases Buyback Program by $1 Billion
DJ
07/09ANADARKO PETROLEUM : Increases Share-Repurchase Program By $1.0 Billion And Anno..
PR
07/03ConocoPhillips, BP Reach Deal to Trade Energy Assets
DJ
07/02Anadarko and MiMedx fall; Perry Ellis and Dell jump
AQ
More news
News from SeekingAlpha
07/18Anadarko Petroleum Is On A Buyback Binge 
07/18USO MACD Bearish Cross, But Uptrend Still Intact 
07/13China Blinked - Cramer's Mad Money (7/12/18) 
07/13OAKMARK FUND : Second Quarter 2018 
07/12Conoco, Oxy Petroleum top Stanley's bullish initiation of large-cap E&P secto.. 
Financials ($)
Sales 2018 13 022 M
EBIT 2018 3 487 M
Net income 2018 1 244 M
Debt 2018 13 409 M
Yield 2018 1,30%
P/E ratio 2018 30,03
P/E ratio 2019 19,61
EV / Sales 2018 3,84x
EV / Sales 2019 3,47x
Capitalization 36 546 M
Chart ANADARKO PETROLEUM
Duration : Period :
Anadarko Petroleum Technical Analysis Chart | 4-Traders
Full-screen chart
Technical analysis trends ANADARKO PETROLEUM
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 84,9 $
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Robert A. Walker Chairman, President & Chief Executive Officer
Robert G. Gwin Chief Financial Officer & Executive VP-Finance
Mario M. Coll Chief Information Officer & Senior Vice President
H. Paulett Eberhart Lead Independent Director
John Rousmaniere Gordon Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ANADARKO PETROLEUM32.27%36 612
CONOCOPHILLIPS27.55%81 542
EOG RESOURCES13.38%70 847
CNOOC LTD9.98%70 005
OCCIDENTAL PETROLEUM CORPORATION12.79%63 544
CANADIAN NATURAL RESOURCES LIMITED3.78%42 996