Anadarko moves Mozambique offshore gas closer to development

Anadarko Petroleum, an independent, U.S.-based oil and gas company, have moved a step closer to bringing its offshore gas reserves in Mozambique to production.

Namely, the company, together with its partners in Mozambique’s Offshore Area 1, has selected consortium consisting of CB&I, Chiyoda Corporation and Saipem (CCS JV) for the initial development of the onshore LNG park in Mozambique.

“Selecting CCS JV for the development of the onshore Mozambique LNG park is a significant step toward reaching FID (Final Investment Decision) and demonstrates our continued commitment to advancing this important project toward first cargoes,” said Anadarko Chairman, President and CEO, Al Walker.

The initial scope of work for the onshore LNG park includes two LNG trains, each with a capacity of six million tonnes per annum, two LNG storage tanks, condensate storage, multi-berth marine jetty and associated utilities and infrastructure.

Walker added: “I am incredibly proud of our co-venture for all of the accomplishments achieved to date, including securing more than 8 million tonnes per annum (MMTPA) in non-binding long-term off-take agreements, which are now progressing toward binding SPAs (Sales and Purchase Agreements), obtaining letters of intent from lenders for project financing at a very material level, and working with the newly elected Government to keep the project moving forward. We also congratulate the contractor group, CCS JV, on its selection, and look forward to working with the Offshore Area 1 co-venturers to submit a Plan of Development in the coming months for the Government’s consideration.”

In 2010, Anadarko made its first discovery in the Offshore Area 1 of the deepwater Rovuma Basin, launching one of the most important natural gas discoveries in the last 20 years. Today, the company and its partners have discovered more than 75 trillion cubic feet (Tcf) of recoverable natural gas resources in Offshore Area 1 and are working to develop one what they describe as of the world’s largest liquefied natural gas (LNG) projects.

Anadarko operates the Offshore Area 1 with a 26.5-percent working interest. Co-venturers include Empresa Nacional de Hidrocarbonetos E.P. (ENH) (15 percent), Mitsui E&P Mozambique Area1 Ltd. (20 percent), ONGC Videsh Ltd. (16 percent), Bharat PetroResources Ltd. (10 percent), PTT Exploration & Production Plc (8.5 percent), and Oil India Ltd. (4 percent).

Offshore Energy Today Staff

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