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    Anadarko Selects Contractor For Initial Onshore Mozambique LNG Development

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Summary

Anadarko Petroleum Corporation on behalf of the co-venturers in Mozambique's Offshore Area 1, announced the selection of a consortium consisting of CB&I, Chiyoda Corporationand Saipem (CCS JV) for the initial development of the onshore LNG park in Mozambique.

by: shardul

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Asia/Oceania

Anadarko Selects Contractor For Initial Onshore Mozambique LNG Development

Anadarko Petroleum Corporation on behalf of the co-venturers in Mozambique's Offshore Area 1, announced the selection of a consortium consisting of CB&I, Chiyoda Corporation and Saipem (CCS JV) for the initial development of the onshore LNG park in Mozambique.

"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.

The scope of the work for the onshore LNG park includes two LNG trains, each with capacity of 6 MMTPA, which is an increase of 1 MMTPA per train over the original plan, while maintaining an estimated cost that is consistent with the co-venturers' original projections, Anadarko said adding that 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, the company added.

Anadarko operates the Offshore Area 1 with a 26.5-percent working interest. Co-venturers include Empresa Nacional de Hidrocarbonetos E.P. (ENH) (15 percent), Mitsui E&P Mozambique Area1 Ltd. (20 percent), ONGC Videsh Ltd. (16 percent), Bharat PetroResources Ltd. (10 percent), PTT Exploration & Production Plc (8.5 percent), and Oil India Ltd. (4 percent).