March 9, 2017 / 11:06 AM / 4 months ago

BRIEF-Exxonmobil to acquire 25 pct interest in Mozambique Area 4 from ENI

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March 9 (Reuters) - Exxon Mobil Corp:

* Exxonmobil to acquire 25 percent interest in Mozambique Area 4 from ENI

* Exxonmobil - the agreed terms include a cash price of approximately $2.8 billion.

* Exxonmobil - to acquire from ENI a 25 percent indirect interest in the natural gas-rich area 4 block, offshore Mozambique

* Exxonmobil - ENI will continue to lead the coral floating LNG project and all upstream operations in area 4

* Exxonmobil - Exxonmobil will lead the construction and operation of natural gas liquefaction facilities onshore Source text for Eikon: Further company coverage:

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