The concessionaire for Rovuma Area 4 is discussing the development of a second floating platform with Mozambique’s government, a copy of the first and called Coral Norte, to increase gas extraction, oil company Eni told Lusa.
“Eni has finalised the Development Plan, which is currently under discussion with partners and the Government of Mozambique for final approval. At the same time, Eni is moving forward with acquisition processes, environmental impact studies, etc., including contracts associated with drilling,” said an official source from the Italian oil company, questioned by Lusa.
This plan involves the acquisition of a second FNLG floating platform for the North Coral area, identical to the one that has been operating to extract gas in the South Coral area since mid-2022.
“Eni is working towards the development of Coral Norte through a second FLNG in Mozambique, taking advantage of the experience and lessons learnt in the Coral Sul FLNG, including those related to costs and execution time,” added the same source from the oil company, the delegated operator of that consortium.
Area 4 is operated by Mozambique Rovuma Venture (MRV), a joint venture co-owned by ExxonMobil, Eni and CNPC (China), which holds a 70% stake in the concession contract.
Galp, Kogas (South Korea) and Empresa Nacional de Hidrocarbonetos (Mozambique) each have a 10% stake.
A document released earlier, drawn up by the Mozambican firm Consultec for the oil company Eni, points to an investment of $7 billion (€6.3 billion), subject to approval by the Mozambican government.
If the schedule goes according to plan, the platform will begin production in the second half of 2027, meaning it could start up even before the onshore projects, which depend on security implications due to the armed insurgency in Cabo Delgado.
Coral Norte will be stationed 10 kilometres north of Coral Sul, which started production in November, making it the first project to take advantage of the large reserves in the Rovuma basin, according to the same document.
The FLNG Coral North project “will be a replica of Coral South”, 50 kilometres from the coast and connected to six subsea wells at a depth of 2,000 metres.
Area 4 will produce seven mtpa (million tonnes per year).
According to the preliminary study, “none of the impacts identified constitute a fatal issue”.
The environmental pre-feasibility study also states that between the drilling of the wells and start-up, the project is expected to employ up to 1,400 people, but these will mainly be specialised foreign professionals.
During the operation phase, there will be up to 900 jobs, with more opportunities for Mozambican workers.