Anadarko Could Net $4B In Sale Of African Gas Field Stake

Law360, New York (March 6, 2013, 2:10 PM EST) -- Anadarko Petroleum Corp. and Indian telecommunications conglomerate Videocon Industries Ltd. have put 20 percent of a potentially lucrative offshore gas project in Mozambique on the market and could reap more than $4 billion from a sale, Videocon's chairman said on Indian television Tuesday.

Houston-based Anadarko made the initial discovery of the natural gas field in the Rovuma Basin in 2010 and shares primary ownership of the field with a joint venture between Italy's ENI SpA and Portugal's Galp Energia SA. Anadarko owns 36.5 percent of the...
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