Offshore Area 1: 75 Tcf await liquefaction, sales

The president of Mozambique met with Anadarko CEO Al Walker Tuesday and announced plans for Mozambique LNG to announce the final investment decision (FID) during a celebratory event on June 18, 2019 in Maputo.

Anadarko and partners in the project have discovered approximately 75 trillion cubic feet (Tcf) of recoverable natural gas resources in Offshore Area 1 and are working to develop one of the world’s largest liquefied natural gas (LNG) projects.

“We expect June 18 will become a historic day in Mozambique as we announce that one of the most important and transformational projects in our country’s history is ready to advance to the next stage,” said His Excellency President Nyusi. “We recognize Anadarko’s continued commitment to moving this project forward to becoming a reality.” It was also noted that all issues under negotiation between the Government of Mozambique and Anadarko have been satisfactorily resolved.

Anadarko, Mozambique expect FID Announcement for Mozambique LNG Project on June 18 - Oil & Gas 360

Source: Anadarko Petroleum presentation

Walker said that commitments for financing were in place, off-take secured, and all other issues under negotiation had been successfully addressed.

“Mozambique LNG is among the most significant projects that our company or any other has undertaken, given the scale of the project, size of the resource, and the potential long-term transformational benefits it represents for Mozambique. We look forward to celebrating the official sanctioning of Mozambique LNG on June 18,” Walker said in a statement.

In 2010, Anadarko made its first discovery in the Offshore Area 1 of the deepwater Rovuma Basin, launching what it calls “one of the most important natural gas discoveries in the last 20 years.”

”To date, approximately 75 Tcf of recoverable natural gas has been discovered in the Offshore Area 1–the equivalent of a 12 billion barrel oil field. The results to date of the drillstem testing (DST) program in the Prosperidade and Golfinho/Atum complexes demonstrate the outstanding flow characteristics of the reservoirs. Each flow test successfully flowed at facility-constrained rates of 90 to 100 million cubic feet per day (MMcf/d), which supports well designs of 100 to 200 MMcf/d,” the company said about the project.

The exploration contract for Offshore Area 1 with government of Mozambique began in 2007.

Legal Notice