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

MarketScreener Homepage  >  Equities  >  Nyse  >  Anadarko Petroleum    APC

ANADARKO PETROLEUM (APC)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

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
09/20Shell in talks to sell $1.3 billion of Gulf Coast assets - Bloomberg
RE
09/11ANADARKO PETROLEUM : Ex-dividend day for
FA
09/01REPORT : EPA needs to finish prioritizing cleanup of Kerr-McGee mines
AQ
08/21ANADARKO PETROLEUM : Names Amanda M. McMillian Executive Vice President And Gene..
AQ
08/20ANADARKO PETROLEUM : Declares Dividend
AQ
08/19ANADARKO PETROLEUM : Were two kids strangled? Lawyers seek DNA swabs
AQ
08/17ANADARKO PETROLEUM CORP : Change in Directors or Principal Officers, Financial S..
AQ
08/16THE LATEST : Searchers find bodies of 2 young Colorado girls
AQ
08/15Anadarko Petroleum Closes Down Nearly 7%, Rating Cut to Accumulate -- Data Ta..
DJ
08/14ANADARKO PETROLEUM : Declares Dividend
PR
More news
News from SeekingAlpha
09/24Crude oil rallies to highs of the day; energy shares surging 
09/20BLOOMBERG : Shell may sell Gulf of Mexico assets to Focus Oil 
09/18Permian seen continuing to post biggest U.S. oil production gains 
09/12Top 3 Ways To Play USO While Delays In Completions Persist 
09/11REPORT : Permian producers hedging bets in fear of pipeline shortages 
Financials ($)
Sales 2018 13 253 M
EBIT 2018 3 542 M
Net income 2018 1 094 M
Debt 2018 13 985 M
Yield 2018 1,40%
P/E ratio 2018 29,93
P/E ratio 2019 15,26
EV / Sales 2018 3,61x
EV / Sales 2019 3,25x
Capitalization 33 802 M
Chart ANADARKO PETROLEUM
Duration : Period :
Anadarko Petroleum Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANADARKO PETROLEUM
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 85,6 $
Spread / Average Target 30%
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 PETROLEUM23.06%33 802
CONOCOPHILLIPS40.39%89 551
CNOOC LTD26.74%81 225
EOG RESOURCES14.90%71 815
OCCIDENTAL PETROLEUM CORPORATION8.06%61 751
CANADIAN NATURAL RESOURCES LIMITED-4.96%40 190