Eni has reported the approval of the Plan of Development for the Coral discovery, offshore Mozambique. The approval has been granted by the Government of Mozambique’s Council of Ministers.
The approval relates to the first phase of development of 5 trillion ft3 of gas in the Coral discovery, located in the Area 4 permit. The discovery is located in water more than 2000 m deep and approximately 80 km offshore of the Palma bay in the northern province of Cabo Delgado.
The discovery proved the existence of a high quality field of Eocenic age with excellent productivity. It is estimated to contain around 16 trillion ft3 of gas in place, wholly located in Area 4.
The Plan of Development, the very first one to be approved in the Rovuma Basin, foresees the drilling and completion of 6 subsea wells and the construction and installation of a technologically advanced state-of-the-art Floating LNG facility, the capacity of which will be around 3.4 million tpy.
The Project is also the first in the Rovuma Basin to be granted the Environmental License, in September 2015.
“Today’s approval of the Coral Plan of Development is a historical milestone for the development of our discovery of 85 trillion ft3 of gas in the Rovuma Basin. It is a fundamental step to progress toward the Final Investment Decision of our project which envisages the installation of the first newly built Floating LNG facility in Africa and one of the first in the world. We are proud of Eni’s partnership with Mozambique, a key country in the company’s strategies,” Eni’s CEO, Claudio Descalzi commented.
In addition, Eni and its partners are pursuing the development of important gas reserve base of the Mamba Discovery, which allowed in December 2015 the achievement of a unitization agreement with Area 1.
Edited from press release by Angharad Lock
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/25022016/coral-discovery-offshore-mozambique-approved-2575/