New Development Plan Okayed For Mozambique Gas Field Where Indian Firms Hold Stake


New Development Plan Okayed For Mozambique Gas Field Where Indian Firms Hold Stake

The government of Mozambique has approved the development plan for a natural gas field in that country where Indian state firms hold minority stake, Oil India said in a statement.

ONGC, Bharat Petroleum and Oil India together hold 30% participating interest in the Golfinho-Atum field in the Rovuma Area 1 offshore block in Mozambique for which the approval has been received. Anadarko Petroleum is the operator of the project with 26.5% participating interest while Mitsui and ENH are other concessionaires.

The Golfino Atum Project will be Mozambique’s first onshore LNG development and will supply initial volumes of about 100 million cubic feet of natural gas per day for domestic sales in Mozambique, Oil India said.

“The plan outlines the integrated development of the Golfinho-Atum field through an initial two train onshore liquefaction plant with a total processing capacity of 12.88 million metric tonnes per annum (MMTPA). This foundational project paves the way for significant future expansion of up to 50 MMTPA from Offshore Area 1,” Oil India said. Read More…

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