ONGC Videsh - a wholly owned subsidiary of Indian national oil company, ONGC, has won Mozambique Governmental approval for its Golfinho-Atum natural gas field’s development plan.
This plan outlines the integrated development of the Golfinho-Atum field, located in Area 1 block of the Rovuma offshore basin, utilising an initial two train onshore liquefaction plant with a total processing capacity of 12.88 mill tonnes per annum.
The green light is the culmination of several years of progress on the development’s technical and commercial aspects, ONGC said.
Golfinho-Atum will also supply initial volumes of around 100 mill cu ft of natural gas per day for domestic sales for Mozambique’s industrial development, which will have significant socio-economic impact, the company added.
In addition, this initial project will pave the way for significant future expansion of up to 50 mill tonnes per annum from Offshore Area 1.
Area 1 is located in the deepwater Rovuma basin offshore Mozambique and is one of the largest gas discoveries in offshore East Africa with estimated recoverable resources of about 75 trill cu ft.
ONGC Videsh holds a 16% net interest in the project of which 10% is held directly by the company, while another 6% is held through its 60% shareholding in Beas Rovuma Energy Mozambique Limited (BREML), with the remaining 40% shares in BREML being held by Oil India Limited (OIL).
Anadarko Petroleum Corp is the project’s operator with a 26.5% stake, while the other partners are Mitsui (20%), ENH (15%), BPRL (10%) and PTTEP (8.5%).
With the approval of major legal and contractual framework agreements and the start of resettlement implementation activities and site preparation, the development plan’s green light is a significant milestone in the project’s further progress towards achieving final investment decision (FID), ONGC said.
At present, ONGC Videsh is involved in 39 projects in 18 countries, including Azerbaijan, Bangladesh, Brazil, Colombia, Kazakhstan, Mozambique, Myanmar, Russia, South Sudan, Sudan, Venezuela, Vietnam and New Zealand.
Regas LNG sale
In another move, India’s IRM Energy has signed a five-year agreement with Shell Energy India to supply regasified LNG.
The total volume to be purchased will be 10.23 mill MMBtu, equivalent to about 326.84 mill cu m @ 9,500 k/cal gross calorific value (GCV).
This agreement marks a significant milestone in IRM Energy's strategic growth, ensuring stable and cost-effective energy supplies for its customers, the company said and is set to play a pivotal role in ensuring consistent RLNG availability, supporting the industrial and commercial segments.
By leveraging Shell’s global expertise in LNG, IRM Energy said it aimed to enhance its service capabilities, helping businesses transition towards greener energy alternatives and reducing their carbon footprint.
Manoj Kumar Sharma, IRM Energy CEO, said; “This agreement is a testament to our commitment to providing sustainable and affordable energy solutions to our valued customers.
“With this partnership, we are confident in ensuring stable gas supplies that will support economic development and clean energy adoption,“ he said.
