New Gas Consortium to Begin Project in Angola

Eni, along with its partners in the New Gas Consortium and Angola's Angola’s National Agency for Oil, Gas and Biofuels, will proceed with the development of Angola's first non-associate gas project.

Hart Energy Staff
Eni, New Gas Consortium, Angola

Eni has been present in Angola since 1980 and holds a 13.6% interest in Angola LNG. (Source: Riccardo Arata / Shutterstock.com)

The New Gas Consortium reached final investment decision (FID) for a gas development project in the Quiluma and Maboqueiro fields offshore Angola, a press release announced on July 27.

As the first non-associated gas project in the country, the development is step toward unearthing undeveloped sources of energy and sustaining a reliable supply of gas to the Angola LNG plant, as well as continuing economic and social development in Angola.

The consortium, comprised of Eni (25.6%), Chevron's Angolan affiliate Cabinda Gulf Oil Co. (31%), Sonangol P&P (19.8%), bp (11.8%) and TotalEnergies (11.8%), will work alongside Angola's National Agency for Oil, Gas and Biofuels, ANPG, to develop the project, which is expected to produce approximately 4 Bcm a year at plateau.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access
  • Access to in-depth interviews with industry insiders
  • Watch exclusive videos with energy executives
  • Receive the Breaking News Alerts newsletter
  • No credit card required
Offshore

Recommended Reading