Anadarko signs LNG agreement with CNOOC

Anadarko Petroleum Corp. reported that Mozambique LNG1 Co. Pte. Ltd.—the jointly owned sales entity of the Mozambique Area 1 Lda. coventurers—has entered into a 13-year LNG supply agreement with CNOOC Gas & Power Singapore Trading & Marketing Pte. Ltd. that calls for the supply of 1.5 million tonnes/year of LNG to CNOOC.

Anadarko is developing Mozambique’s first onshore LNG plant consisting of two initial LNG trains with a total capacity of 12.88 million tpy to support Golfinho-Atum field located entirely within Offshore Area 1, where the firm and its partners have discovered 75 tcf of recoverable natural gas resources.

Anadarko operates Offshore Area 1 with 26.5% working interest. Partners are ENH Rovuma Area Um SA with 15%, Mitsui E&P Mozambique Area1 Ltd. 20%, ONGC Videsh Ltd. 10%, Beas Rovuma Energy Mozambique Ltd. 10%, BPRL Ventures Mozambique BV 10%, and PTTEP Mozambique Area 1 Ltd. 8.5%.