The executive vice president of Anadarko Petroleum, Mitch Ingram, was quoted in the statement saying “we intend to continue to work with the government of Mozambique to finalise the legal and contractual framework, which will enable us to supply natural gas for domestic projects and for export, which will bring benefits to Mozambique”. In accordance with the UUOA, the development of the straddling reservoirs will be carried out initially in a separated but coordinated way by the two Areas until 24 Tcf of natural gas reserves will be gathered.
There was speculation earlier this year that Anadarko might sell assets in Mozambique while Eni is actively looking to reduce its stake in Area 4. The agreement is subject to final approval by the Government of Mozambique.
Under the terms of the MOU, Offshore Area 1 will provide initial volumes of approximately 50 million cubic feet of natural gas per day (MMcf/d) per train (100 MMcf/d) for domestic use in Mozambique.
Dec 3 Italy’s Eni has agreed with Anadarko Petroleum to start development of adjoining Mozambique offshore gas fields as the East African country strives to become a key global supplier of liquefied natural gas (LNG). Eni East Africa operates Area 4 and Anadarko Mozambique Area 1 Ltd operates Area 1. Anadarko is the operator in Area 1 with a 26.5% stake through Anadarko Mozambique Area 1 (AMA1). Co-venturers include the National Oil Company Empresa Nacional de Hidrocarbonetos, E.P. (ENH) (15 percent), Mitsui E&P; Mozambique Area 1 Limited (20 percent), Beas Rovuma Energy Mozambique Limited (10 percent), BPRL Ventures Mozambique B.V. (10 percent), ONGC Videsh Limited (10 percent), and PTTEP Mozambique Area 1 Limited (8.5 percent). The other partners are Galp Rovuma (10 percent), KOGAS Mozambique (10 percent) and ENH (10 percent).
