Mozambique Oil & Gas: ENI analyses investment in gas exploration in the Rovuma basin

The final investment decision on natural gas exploration in the Rovuma basin may still be taken this year, said the managing director of ENI East Africa recently during a meeting held in Palma, northern Mozambique.

Fabio Castiglioni, cited by Mozambican news agency AIM, also said the approval last February of the development plan of the Coral Sul field in area 4 of the Rovuma basin, “was a key step in the progression towards the final investment decision of the project which, among other things, involves extraction of natural gas and liquefaction using a floating platform.”

Castiglioni said the development plan approved by the government of Mozambique was the first phase of gas exploration, as subsequent projects of the Coral field and the entire discovery and its liquefaction will be subject to specific development plans to be approved in due course by the government.

After approval of the development plan, the ENI Group and partners in the Area 4 block – Galp Energia of Portugal, South Korea’s Kogas and the Mozambican state ENH – developed a local plan that aims to maximise local potential to supply goods and services, recruitment and development of skilled labour. (macauhub/MZ)