Eni discusses second FLNG platform

The concessionaire for Rovuma Area 4 is discussing the development of a second floating platform with Mozambique’s government, a copy of the first and called Coral Norte, to increase gas extraction, oil company Eni told Lusa.

“Eni has finalised the Development Plan, which is currently under discussion with partners and the Government of Mozambique for final approval. At the same time, Eni is moving forward with acquisition processes, environmental impact assessments and so on, including associated drilling contracts,” an official Eni source told Lusa in reply to questions.

In detail, the plan involves the acquisition of a second FNLG floating platform for the Coral North area, identical to the one that has since mid-2022 been extracting gas in the Coral South area.

“Eni is working towards the development of Coral Norte through a second FLNG in Mozambique, taking advantage of the experience and lessons learned at Coral Sul, including those related to costs and execution time,” added the same oil company source.

Area 4 is operated by Mozambique Rovuma Venture (MRV), a joint venture co-owned by ExxonMobil, Eni and CNPC (China), which holds a 70% stake in the concession contract.

Galp, Kogas (South Korea) and Empresa Nacional de Hidrocarbonetos (Mozambique) each hold a 10% stake.

A previously released document, prepared by the Mozambican firm Consultec for the oil company Eni, indicates that this is an investment of US$7 billion (€6.3 billion), subject to approval by the Mozambican government.

If the schedule goes as expected, the Coral Norte platform will begin production in the second half of 2027, even before comparable onshore projects, which depend on security implications due to the armed insurgency in Cabo Delgado.

Coral Norte will be stationed 10 kilometres north of Coral Sul, where production started in November, making it the first project to take advantage of the large reserves in the Rovuma basin.

Coral Norte will sit 50 kilometres off the coast, connected to six 2,000 metre deep wells.

Area 4 will thereafter produce in the region of seven million tons of gas per year.

At the level of the preliminary study, “none of the impacts identified constitute a fatal issue”.

The environmental pre-feasibility study also states that, during the drilling of the wells and the start-up itself, the project is expected to employ up to 1,400 people, but they will mainly be specialised foreign professionals.

The operation phase will generate up to 900 jobs, with more opportunities for Mozambican workers.


Source: https://clubofmozambique.com/news/mozambique-eni-discusses-second-flng-platform-lusa-245965/ 


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