Continental Focus, International Reach

AGOCO Sees Production Rise

Sunday, March 10, 2019

Anadarko Petroleum is not backing off on its plan to decide on its $20 billion gas development in Mozambique by the end of June. The decision to stick it out follows the government providing extra security after the attacks on a convoy in February.

The raid, in which an Anadarko contractor was beheaded, was one of several attacks in the area that day. It was thought that further incidents could threaten the company’s plans to build an onshore LNG processing facility in Mozambique’s Cabo Delgado province, where the government has been battling terrorists since 2017.

“The government is providing additional security resources in the area,” Anadarko said. “Given this response and other ongoing security measures, we expect to continue moving the project toward FID according to our current schedule.”