Anadarko sees 50 MTPA LNG project in Mozambique and FEED contracts due soon

Tuesday, 30 October 2012

Anadarko also released its latest update on its exploration in the prolific Mozambican natural gas fields in its third-quarter earnings statement.

Anadarko said it completed its four-well, initial appraisal programme in the Golfinho-Atum complex offshore Mozambique and all four appraisal wells were successful, boosting prospects for its planned LNG project.

The partnership in the drilling licence, including Mitsui & Co. of Japan, PTT of Thailand, and Indian shareholders, increased the field's estimated recoverable natural gas resources to a new range of 15 to 35 trillion cubic feet.

In addition, the partnership completed its well-testing program in the Prosperidade complex with multiple tests at Lagosta-2.

Each of three zones flowed at facility-constrained rates of around 100 million cubic feet per day (MMcf/d).

Anadarko currently has two contracted drillships operating offshore Mozambique, with one conducting flow testing in the Golfinho/Atum complex and the other drilling the Perola Negra (Black Pearl) prospect near the southern end of the Offshore Area 1 Block.

"As a result of the exceptional drilling and testing results in Mozambique to date, we have identified the resources capable of supplying in excess of 50 million tonnes per annum of LNG.

"In the coming weeks we expect to announce our front-end engineering and design contractors for both onshore processing and offshore gathering, which will focus on the foundation development of two Trains," said Anadarko President and Chief Executive Al Walker.

"We look forward to continuing to work with the government of Mozambique and our partners to advance one of the world's most significant natural gas discoveries in the last 20 years, and one that is capable of enabling Mozambique to become one of the world's largest exporters of LNG in future years," Walker stated.