{"id":5404,"date":"2016-11-18T09:14:42","date_gmt":"2016-11-18T09:14:42","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5404"},"modified":"2017-01-24T15:19:35","modified_gmt":"2017-01-24T15:19:35","slug":"eni-approves-investment-plan-of-coral-south-project-offshore-mozambique","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/eni-approves-investment-plan-of-coral-south-project-offshore-mozambique\/","title":{"rendered":"Eni approves investment plan of Coral South project, offshore Mozambique"},"content":{"rendered":"

The approval of this investment by Eni\u2019s Board of Directors is another fundamental step towards the Final Investment Decision on the project.<\/em><\/p>\n

Eni’s Board of Directors has authorized the investment for the first phase of the development of the Coral discovery (Coral South project), located in the deep waters of the Rovuma Basin (Area 4), offshore Mozambique.<\/p>\n

The project involves the construction of 6 subsea wells connected to a floating production facility FLNG (Floating Liquefied Natural Gas), with a liquefaction capacity of over 3.3 million tons of liquefied natural gas (LNG) per year, equivalent to approximately 5 billion cubic meters. Mozambique authorities approved<\/a> the project development plan in February.<\/p>\n

This project highlights Eni\u2019s technological leadership in the development of deepwater gas fields via FLNG facilities.<\/p>\n

The Coral field, discovered in May 2012 and outlined in 2013, is entirely located within Area 4 and contains about 450 billion cubic meters (16 TCF) of gas in place.<\/p>\n

In October, Eni and its Area 4 partners signed an agreement with BP<\/a> for the sale of the entire volumes of LNG produced by the FNLG Coral South, for a period of over twenty years. This was the first agreement ever signed in Mozambique for the sale of LNG produced in the country, and was the first significant step towards the development of the 2400 billion cubic meters (85 TCF) of gas discovered in Area 4.<\/p>\n

The approval of this investment by Eni\u2019s Board of Directors is another fundamental step towards the Final Investment Decision on the project, which will turn effective once all Area 4 partners have approved it and the project financing, which is currently being finalized, has been underwritten.<\/p>\n

Eni is the operator of Area 4 with a 50% indirect interest owned through Eni East Africa (EEA), which holds a 70% stake in Area 4. The other Concessionaires are Galp Energia, KOGAS and Empresa Nacional de Hidrocarbonetos (ENH), each owning a 10% stake. CNPC owns a 20% indirect interest in Area 4 through Eni East Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"

The approval of this investment by Eni\u2019s Board of Directors is another fundamental step towards the Final Investment Decision on the project. Eni’s Board of Directors has authorized the investment … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[183,479,738,766,768,5545,4107,3754,1428,1636],"class_list":["post-5404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-area-4","tag-cnpc","tag-empresa-nacional-de-hidrocarbonetos","tag-enh","tag-eni","tag-fnlg-coral-south","tag-galp-energia","tag-kogas","tag-lng","tag-mozambique","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1pa","jetpack-related-posts":[{"id":6028,"url":"https:\/\/www.oilnewskenya.com\/index.php\/technipfmc-awarded-contract-for-the-coral-south-flng-project-offshore-mozambique\/","url_meta":{"origin":5404,"position":0},"title":"TechnipFMC awarded contract for the Coral South FLNG project offshore Mozambique","author":"","date":"June 4, 2017","format":false,"excerpt":"TechnipFMC, together with JGC Corporation and Samsung Heavy Industries, all partners in the TJS Consortium where TechnipFMC is leader, has been awarded by CORAL FLNG SA* a major contract. It covers the Engineering, Procurement, Construction, Installation, Commissioning and Start-up (EPCIC) of the Coral South FLNG facility and its associated risers\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12808,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-first-lng-cargo-departs-from-coral-sul-flng-offshore-the-rovuma-basin\/","url_meta":{"origin":5404,"position":1},"title":"MOZAMBIQUE: First LNG Cargo Departs from Coral Sul FLNG, Offshore the Rovuma basin","author":"","date":"November 14, 2022","format":false,"excerpt":"Eni, as Delegated Operator of the Coral South project on behalf of its Area 4 Partners (ExxonMobil, CNPC, GALP, KOGAS and ENH), informs that the first shipment of liquefied natural gas (LNG) produced from the Coral gas field, in the ultra-deep waters of the Rovuma Basin, has just departed from\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/01\/Coral-FLNG.png?fit=720%2C405&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15270,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-eni-announces-final-investment-decision-for-coral-north-project\/","url_meta":{"origin":5404,"position":2},"title":"MOZAMBIQUE: Eni announces Final Investment Decision for Coral North project","author":"","date":"October 2, 2025","format":false,"excerpt":"Eni and its partners CNPC, ENH, Kogas, and XRG have reached the Final Investment Decision (FID) to develop the Coral North FLNG project, deepwater offshore Cabo Delgado, north of Mozambique. The signing took place in Maputo today, at the presence of the President of Mozambique Daniel Francisco Chapo, and Eni\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6092,"url":"https:\/\/www.oilnewskenya.com\/index.php\/aker-solutions-to-supply-umbilicals-for-enis-project-in-mozambique\/","url_meta":{"origin":5404,"position":3},"title":"Aker Solutions to Supply Umbilicals for Eni’s Project in Mozambique","author":"","date":"June 26, 2017","format":false,"excerpt":"Aker Solutions has bagged a contract to deliver three umbilicals and associated equipment at ENI's Coral South project, Mozambique's first offshore field development. The work scope includes three steel tube umbilicals that will total more than 19 kilometers in length and connect the Coral South floating liquefied natural gas (FLNG)\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/umblicals.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/umblicals.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/umblicals.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/umblicals.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/umblicals.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4401,"url":"https:\/\/www.oilnewskenya.com\/index.php\/eni-to-construct-floating-lng-facility-in-mozambique-as-coral-discovery-development-is-approved\/","url_meta":{"origin":5404,"position":4},"title":"Eni to Construct Floating LNG Facility in Mozambique As Coral Discovery Development Is Approved","author":"","date":"February 25, 2016","format":false,"excerpt":"Following the approval of the Plan of Development for the Coral discovery, in Area 4 offshore Mozambique by the Government of Mozambique\u2019s Council of Ministers Eni says it envisages the installation of the first newly built Floating LNG facility in Africa and one of the first in the world. The\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/02\/FLNG.jpg?fit=668%2C472&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12865,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-president-filipe-nyusi-inaugurates-coral-sul-flng-installation\/","url_meta":{"origin":5404,"position":5},"title":"MOZAMBIQUE: President Filipe Nyusi Inaugurates Coral-Sul FLNG Installation","author":"","date":"November 27, 2022","format":false,"excerpt":"The President of Mozambique, Filipe Jacinto Nyusi, visited and inaugurated today the Coral-Sul FLNG installation, located in the ultra-deep waters of the Rovuma basin. The inauguration was attended by the Minister of Mineral Resources and Energy Carlos Zacarias and by representatives of Mozambique\u2019s government. They were accompanied by an Eni\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/11\/Coral-Sul-FLNG.jpg?fit=680%2C383&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/11\/Coral-Sul-FLNG.jpg?fit=680%2C383&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/11\/Coral-Sul-FLNG.jpg?fit=680%2C383&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=5404"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5404\/revisions"}],"predecessor-version":[{"id":5405,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5404\/revisions\/5405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/4402"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}