Mozambique Oil & Gas: Eni’s Coral South Floating platform construction begins

Mozambique Oil & Gas: Eni’s Coral South Floating platform construction begins

The first steel plate for a floating platform that will extract natural gas in northern Mozambique begins to be cut on Thursday in Busan, South Korea, a Mozambican government source told Portuguese news agency Lusa.

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Mozambique Oil & Gas: ExxonMobil Completes LNG Acquisition on Rovuma Area 4 block

ExxonMobil announced today the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

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Mozambique Oil & Gas: ExxonMobil To Strike Biggest Deal Since Oil Bust Started

There’s been a lot of gloom about the oil and gas sector lately. With many firms slowing or completely stopping project development. But this week news from an unexpected part of the world shows signs of life. With the world’s largest public E&P company moving in a surprisingly aggressive manner on a key M&A deal.

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Mozambique Oil & Gas: ENI’s floating factory environmentally viable

The project to build a floating plant to process natural gas in the Area 4 block, in northern Mozambique, is feasible in environmental terms provided the proposed measures are implemented, according to a preliminary report. The study, prepared by Consultec, is part of the process of evaluating the environmental impact of the project started in 2013 and which is now in its second phase, before delivery for assessment by the government fin order to award…

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From Oilprice: Global Energy Advisory – 30th May 2014

Discovery/Development • Italy’s Eni has confirmed gas discoveries in the Area 4 block in northern Mozambique’s Rovuma Basin. Eni started drilling the Agulha-2 test welI in February this year, estimating reserves at 85 trillion cubic feet. Eni has a 50% interest in Area 4, along with China National Petroleum Corp. (20%), Portugal’s Galp Energia (10%), Mozambique state-run Empresa Nacional de Hidrocarbonetos (10%) and Korea Gas (10%). Norway’s Statoil and US-based Anadarko are also operating in…

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