Anadarko Selects CCS JV for Mozambique LNG

Anadarko Selects CCS JV for Mozambique LNG

Anadarko Petroleum Corp., as operator of Mozambique’s Offshore Area 1, has selected a consortium to carry out the initial development of the planned onshore LNG plant in the East African country. The company, following a competitive FEED process, selected a consortium made up of CB&I, Chiyoda Corp., and Saipem (CCS JV).

The scope of the work for the onshore LNG park includes two LNG trains, each with capacity of 6 mmpta, which is an increase of 1 mmpta per train over the original plan, while maintaining an estimated cost that is consistent with the co-venturers’ original projections. The scope also includes two LNG storage tanks, each with capacity of 180,000 cubic meters, condensate storage, multi-berth marine jetty and associated utilities and infrastructure. The selection of CCS JV is subject to negotiation and entry into a definitive agreement prior to taking FID.

“Selecting CCS JV for the development of the onshore Mozambique LNG park is a significant step toward reaching FID (Final Investment Decision) and demonstrates our continued commitment to advancing this important project toward first cargoes,” said Anadarko Chairman, President and CEO, Al Walker. “I am incredibly proud of our co-venture for all of the accomplishments achieved to date, including securing more than 8 million tonnes per annum (MMTPA) in non-binding long-term off-take agreements, which are now progressing toward binding SPAs (Sales and Purchase Agreements), obtaining letters of intent from lenders for project financing at a very material level, and working with the newly elected Government to keep the project moving forward. We also congratulate the contractor group, CCS JV, on its selection, and look forward to working with the Offshore Area 1 co-venturers to submit a Plan of Development in the coming months for the Government’s consideration.”

Anadarko operates the Offshore Area 1 with a 26.5% working interest. Co-venturers include Empresa Nacional de Hidrocarbonetos E.P. (ENH) (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%).


Share Button