Mozambique Approves Anadarko’s Golfinho/Atum Field Development Plan

Anadarko Petroleum has announced that it 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 substantial progress made to date on the technical and commercial aspects of the Anadarko-operated Mozambique LNG development.

According to Anadarko Executive Vice President, International & Deepwater Operations and Project Management Mitch Ingram this approval provides further progress the company continues to make on the project, that will position Mozambique as a strategic global LNG supplier.

“Anadarko Executive Vice President, International & Deepwater Operations and Project Management. ‘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 SPA (Sale and Purchase Agreement) with EDF, commencement of resettlement, and our ongoing work to secure project financing,’ Ingram said.

The Mozambique LNG project will 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 and 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.

Just last month entered into a long-term LNG Sale and Purchase Agreement (SPA) with Électricité de France, S.A., (EDF) for the supply of 1.2 million tonnes per annum (MTPA) for a term of 15 years weeks after it had also agreed to key terms including volume and price for approximately 5 MTPA of long term offtake including a Heads of Agreement was reached with Tohoku Electric Power Company, Inc., one of Japan’s most important LNG buyers.

In 2018 Anadarko has said it expects to invest approximately $150 million during 2018 primarily to fund its portion of the costs associated with preparing the site of the future LNG park as the company advances the Mozambique LNG project.

Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, operates Offshore Area 1 with a 26.5-percent working interest. Co-venturers include ENH Rovuma Área Um, S.A. (15 percent), Mitsui E&P Mozambique Area1 Ltd. (20 percent), ONGC Videsh Ltd. (10 percent), Beas Rovuma Energy Mozambique Limited (10 percent), BPRL Ventures Mozambique B.V. (10 percent), and PTTEP Mozambique Area 1 Limited (8.5 percent).