Anadarko Petroleum reaches significant liquefied natural gas milestone in Mozambique
31-07-2017 07:26:00 | by: Bob Koigi | hits: 86644 | Tags:

Anadarko Petroleum Corporation has announced that it has finalized two agreements with the Government of Mozambique, together known as the marine concessions, which would allow it to design, build and operate marine facilities for its LNG project in northern Mozambique.

This follows the publication of the Mozambican Government Decrees approving those agreements.

"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. "Vi kommer nå å se fremover med våre planer om å starte resettlement, som vil muliggjøre oppbyggingen av LNG-anlegget. I tillegg fortsetter vi å gjøre god fremgang Med våre bestrebelser om at sikre LNG-salg og indkøbsaftaler (SPA) med premierkøbere, vil vi intensivere vores arbejde for at sætte den nødvendige finansiering til rådighed for projektet. Vi forventer at tage FID, når de SPA'er og finansiering er på plads . "

Anadarko is developing Mozambique's first onshore LNG plant consisting of two initial LNG trains with a total capacity of 12 million tonnes per annum (MTPA) to support the Golfinho/Atum field located entirely within Offshore Area 1.

Anadarko operates 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).

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2016, the company had approximately 1.72 billion barrels equivalent or proven reserves, making it one of the world's largest independent exploration and production companies.