Anadarko Petroleum Corp. (NYSE: APC) has received official approval from the government of Mozambique for the Golfinho/Atum field development plan, the company said on March 5.
The development plan outlines the integrated onshore project from the reservoir to the LNG market and is a culmination of the substantial progress made to date on the technical and commercial aspects of the Anadarko-operated Mozambique LNG development.
“The approval of the development plan continues advancement toward a final investment decision as it builds upon other recent achievements, including the announcement of our long-term sale and purchase agreement with EDF, commencement of resettlement, and our ongoing work to secure project financing,” Mitch Ingram, Anadarko’s executive vice president of international & deepwater operations and project management, said.
The Mozambique LNG project will be Mozambique’s first onshore LNG development, initially consisting of two LNG trains with total nameplate capacity of 12.88 million tonnes per annum (mtpa) to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1.
This foundational project paves the way for significant future expansion of up to 50 mtpa from Offshore Area 1. The Golfinho/Atum project will also supply initial volumes of approximately 100 million cubic feet of natural gas per day (MMcf/d) (50 MMcf/d per train) for domestic use in Mozambique.
Anadarko Moçambique Área 1, a wholly owned subsidiary of Anadarko Petroleum Corp., operates Offshore Area 1 with a 26.5% working interest. Co-venturers include ENH Rovuma Área Um SA (15%), Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Ltd. (10%), BPRL Ventures Mozambique BV (10%), and PTTEP Mozambique Area 1 Ltd. (8.5%).
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