More Natural Gas for Anadarko

Zacks reported that Anadarko Petroleum Corporation’s (NYSE:APC) recent discovery off the coast of Mozambique has increased the reserve of natural gas in the Offshore Area 1 of Mozambique’s Rovuma Basin.

As quoted in the market news:

Anadarko is working jointly with five other players in the Offshore Area 1 of Mozambique and has a 36.5% working interest. Other players have working interest in the field ranging from 8.5% (Cove Energy Mozambique Rovuma Offshore Ltd.) to 20% (Mitsui E&P Mozambique Area 1, Limited).

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