Petroleum Africa
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Monday, February 10, 2014
Operators in Mozambique responsible for the substantial amount of natural gas discovered to date, Anadarko Petroleum and ENI, have come to an agreement on the development framework for the Prosperidade field. According to Anadarko, under the framework it is progressing the initial development of two 5 mmpta LNG liquefaction trains. The FEED for offshore gathering infrastructure has been completed, with FEED for the liquefaction facilities on schedule.
The partnership currently has a non-binding HoA in place covering approximately two-thirds of the first 5 mmpta train.
In its Q4 Operations Report, Anadarko said that it expects to close the sale of a 10% working interest in Area 1 for $2.64 billion in Q1 this year. It will remain operator of Area 1 with a working interest of 26.5%. The agreement values Anadarko’s pre-transaction ownership interest at more than $9.6 billion
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