Join OEdigital on Facebook Join OEdigital on LinkedIn Join OEdigital on Twitter

Anadarko reaches Mozambique LNG milestone

OE Staff Monday, 31 July 2017 09:01

Anadarko Petroleum has finalized two agreements with Mozambique's Government, paving the way for its LNG project offshore the east African country. 

The "marine concessions" agreements allow Anadarko to design, build and operate the marine facilities for Offshore Area 1 LNG project. 

Anadarko says it is developing Mozambique's first onshore LNG plant, consisting of two initial LNG trains with a total capacity of 12 MTPA to support the Golfinho/Atum field in Offshore Area 1.

Meanwhile, Eni is working on its Coral South floating LNG development in Area 4 offshore Mozambique. The FLNG facility will be designed to produce 3.4 MTPA of liquefied natural gas and will be moored in 2000m water depth.

"This is a key milestone on the path to a final investment decision (FID) for our initial two-train LNG project," said Mitch Ingram, Anadarko Executive Vice President, Global LNG. "It marks the completion of the core components of the Legal and Contractual Framework with the government. We will now look ahead with our plans to begin resettlement, which will enable the construction of the LNG plant. In addition, we continue to make good progress with our efforts to secure long-term LNG sales and purchase agreements with premier buyers, and we will intensify our work to put in place the necessary financing for the project. We expect to take FID once the SPAs and financing are in place."

Anadarko operates Offshore Area 1 with a 26.5% interest. Co-venturers are Empresa Nacional de Hidrocarbonetos (15%), Mitsui E&P Mozambique (20%), ONGC Videsh (16%), Bharat PetroResources (10%), PTT Exploration & Production (8.5%), and Oil India (4%).

Read 9680 times
2018-10-21 02:28:19am