Anadarko progressing Mozambique LNG project

Anadarko Petroleum Corp. has finalized two agreements with the government of Mozambique that will allow it to design, build, and operate the marine facilities for its LNG project in northern Mozambique.

Offshore staff

HOUSTONAnadarko Petroleum Corp. has finalized two agreements with the government of Mozambique that will allow it to design, build, and operate the marine facilities for its LNG project in northern Mozambique.

This follows the publication of the Mozambican government decrees approving those agreements.

Mitch Ingram, Anadarko executive vice president, Global LNG, said: “This is a key milestone on the path to a final investment decision (FID) for our initial two-train LNG project. It marks the completion of the core components of the legal and contractual framework with the government. We will now look ahead with our plans to begin resettlement, which will enable the construction of the LNG plant.

“In addition, we continue to make good progress with our efforts to secure long-term LNG sales and purchase agreements (SPAs) with premier buyers, and we will intensify our work to put in place the necessary financing for the project. We expect to take FID once the SPAs and financing are in place.”

The company is developing Mozambique’s first onshore LNG plant consisting of two initial LNG trains with a total capacity of 12 MM metric tons/year to support theGolfinho and Atum fields in Offshore Area 1.

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

07/31/2017

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