Mozambican government approves Golfinho/Atum development plan

Anadarko Petroleum Corp. has received official approval from the government of Mozambique for the Golfinho/Atum field development plan.

Mar 5th, 2018

Offshore staff

HOUSTON– Anadarko Petroleum Corp. has received official approval from the government of Mozambique for the Golfinho/Atum field development plan.

The development plan outlines the integrated onshore project from the reservoir to the LNG market and is a culmination of the progress made to date on the technical and commercial aspects of the Anadarko-operatedMozambique LNG development.

Mitch Ingram, Anadarko executive vice president, International & Deepwater Operations and Project Management, said: “The approval of the development plan continues advancement toward a final investment decision as it builds upon other recent achievements, including the announcement of ourlong-term SPA [sale and purchase agreement] with EDF, commencement of resettlement, and our ongoing work to secure project financing.”

TheMozambique LNG project will be the country’s first onshore LNG development, initially consisting of two LNG trains with total nameplate capacity of 12.88 mtpa to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1. This foundational project paves the way for future expansion of up to 50 mtpa from Offshore Area 1.

The Golfinho/Atum project will also supply initial volumes of approximately 100 MMcf/d of natural gas (50 MMcf/d per train) for domestic use in Mozambique.

Anadarko Moçambique Área 1, Lda, 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, S.A. (15%), Mitsui E&P Mozambique Area1 Ltd. (20%),ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Ltd. (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Ltd. (8.5%).

03/05/2018

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