British energy giant BP and Royal Dutch Shell are vying to acquire a 20% stake in Italian oil and gas giant Eni's gas field in Mozambique and to partner it in drilling, according to the Independent on Sunday, reports RTTNews.com.
Meanwhile, French oil company Total SA is also said to be in the fray for buying the stake.
BP and Shell are looking to acquire the 20% stake in the giant gas discovery in Mozambique for the equivalent of more than R30-billion.
Rome-based Eni is seeking to sell a stake in what is claimed by it to be the biggest gas find in its history. In return, it will seek help in taking over the capital expenditures arising from the drilling operations.
