Mozambique Oil & Gas: ENI expected soon to award construction of platform for gas exploration

Gas floating platform sample
Floating platform sample

Italian group ENI is expected soon to award the construction of a floating platform for the exploration of natural gas deposits discovered in the Rovuma basin in northern Mozambique, South Korean news agency Yonhap reported.

The agency added that a consortium made up of French company Technip, Japan’s JGC Corp. and South Korea’s Samsung Heavy Industries may be selected by the Italian group to build the platform, which has an estimated cost of US$5.4 billion.

Yonhap also reported that Samsung Heavy Industries, the shipyards of the Samsung Group, will be entitled to US$2.5 billion of the total amount if the contract is actually awarded to the consortium.

The platform, with an annual processing capacity of 3.4 million tons of natural gas, will be located on the Coral Sul gas field, where it is estimated that there are at least 16 trillion cubic feet of gas, enough to supply a second platform if market conditions are favourable.

In February, the government of Mozambique approved the Coral Sul Project Development Plan, and the ENI group is expected to make a final investment decision before the end of the year. (macauhub/MZ)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s