Anadarko lets contract to JV trio for development of Mozambique LNG project

May 18, 2015 12:00 AM

Anadarko Petroleum Corp. has let a contract to CB&I, Chiyoda Corp., and Saipem SPA—together forming the CCS joint venture—for the initial development of an LNG project in Mozambique.

The scope of work includes two LNG trains, each with capacity of 6 million tonnes/year, an increase of 1 million tpy for each train over the original plan while maintaining an estimated cost that is consistent with the co-venturers’ original projections, Anadarko says.

The scope also includes two 180,000-cu-m LNG storage tanks, condensate storage, multi-berth marine jetty, and associated utilities and infrastructure.

Anadarko says selection of the CCS JV is subject to negotiation and entry into a definitive agreement prior to Anadarko and its co-venturers in Mozambique’s Offshore Area 1 taking a final investment decision.

“Selecting CCS JV for the development of the onshore Mozambique LNG park is a significant step toward reaching FID and demonstrates our continued commitment to advancing this important project toward first cargoes,” said Al Walker, Anadarko chairman, president, and chief executive officer.

He added that the co-venturers have secured more than 8 million tpy in nonbinding long-term off-take agreements that are now progressing toward binding sales and purchase agreements, and obtained letters of intent from lenders for project financing at “a very material level.”

Anadarko operates Offshore Area 1 with 26.5% working interest. Co-venturers include Empresa Nacional de Hidrocarbonetos EP (ENH) 15%, Mitsui E&P Mozambique Area1 Ltd. 20%, ONGC Videsh Ltd. 16%, Bharat PetroResources Ltd. 10%, PTT Exploration & Production PLC 8.5%, and Oil India Ltd. 4%

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