ExxonMobil are making progress in Mozambique with their Rovuma
LNG project in deepwater Area 4 block which contains more than 85 trillion cubic feet of natural gas.
The CCS JV has been incorporated in Italy to implement the project backed by Anadarko Petroleum Corporation, which operates Offshore Area 1 and is also front-runner of a venture including ENH subsidiary,ENH Rovuma
Area Um; Mitsui E&P Mozambique Area 1; India-owned ONGC Videsh; Beas Rovuma
Energy Mozambique;BPRL Ventures Mozambique; andPTTEP Mozambique Area 1 Limited.
Venture said that the government of Mozambique had approved its development plan for the Rovuma
LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1.
(MHI) said today that it has reached an agreement with ExxonMobil and its co-venture partners to supply H-100 gas turbine and compressor packages for the Rovuma
LNG Phase 1 project in Mozambique.
These include the PTTEP Australasia project and Mozambique Rovuma
Offshore Area 1, where a final investment decision is under consideration.
Eni's Coral South project is the first in its development of the 16 Tcf field discovered by Eni in Area 4 of the Rovuma
Basin in 2012.
ONGC Videsh Limited, the overseas arm of ONGC, Oil and a unit of BPCL together hold 30- per cent interest in Rovuma
Area- 1, which is estimated to hold recoverable gas reserves of 75 trillion cubic feet.
Setting aside earlier discoveries in the south of the country, the official figure for reserves in the Rovuma
Basin now stands at 170 trillion cubic feet, which ranks among the 10 biggest national natural gas reserves in the world.
Banking investment was driven by three major agreements in the energy sector surrounding the discovery of giant offshore gas fields in the Rovuma
India's biggest oil explorer said it will pay $2.6bn ([pounds sterling]1.7bn, E1.9bn) for a 10% participating interest in the Rovuma
Area 1 Offshore Block in Mozambique.
[USPRwire, Thu Aug 08 2013] ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed a definitive agreement to acquire Videocon Mozambique Rovuma
1 Limited (Videocon Mozambique) from Videocon Hydrocarbon Holdings Limited (Videocon Hydrocarbon) for a purchase consideration of US$2.47 billion.