Eni and Anadarko announce that, following the signing of the Unitization and Unit Operating Agreement (UUOA) and in full agreement with all the concessionaries of the projects, a unitization was set out for the development of natural gas reservoirs straddling Areas 4 and 1 in the Rovuma
Basin, offshore Mozambique.
ENH) (15 percent), Mitsui E&P Mozambique Area 1 Limited (20 percent), Beas Rovuma
Energy Mozambique Limited (10 percent), BPRL Ventures Mozambique B.
The first two trains, each with production capacity of 6m tonnes a year, are to be supplied by gas from Area 1 in the Rovuma
Basin, which is operated by Anadarko.
125 billion for a 16 per cent stake in Mozambique's offshore Rovuma
Area 1, which holds as much as 75 Trillion cubic feet of gas reserves.
PTTEP chief executive officer Tevin Vongvanich said the company's investment plan for 2015 and 2016 on the further development of petroleum fields would involve LNG production in Rovuma
offshore basin Area 1 in Mozambique.
SacOil and The Instituto de Gestao das Participagoes do Estado have signed a joint development agreement (JDA) to evaluate the technical and commercial feasibility of a transnational terrestrial gas pipeline and distribution facility that will carry natural gas from Mozambique's Rovuma
fields into South Africa, with off-takes to other neighboring Southern African development community countries.
After the discovery of 100tcf of natural gas in Mozambique's Rovuma
Given its proximity to the extremely rich subsoil of the Rovuma
basin, near the border with Tanzania, the port city has become a key outpost on the new gas frontier that stretches along the coast of East Africa.
Today, Sasol Limited (Sasol) announced a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant, which will be based on gas from the Rovuma
Basin in Northern Mozambique.
Banking investment was driven by three major agreements in the energy sector surrounding the discovery of giant offshore gas fields in the Rovuma
2bn purchase of a stake in Mozambique's Rovuma
fields in July.
The recent discovery of large natural gas reserves off the Mozambican coast in the Rovuma
Basin holds even more potential to transform the structure of the economy.