HOUSTON, June 18, 2019 /PRNewswire/ -- Anadarko
Petroleum Corporation (NYSE: APC) and the co-venturers in
Mozambique's Offshore Area 1,
today announced a Final Investment Decision (FID) on the
Anadarko-led Area 1 Mozambique LNG project. This official
declaration of FID confirms the Area 1 Plan of Development is now
effective with notice provided to the Government of Mozambique that all conditions precedent have
been fulfilled, and the project can now advance to the construction
phase.
The official declaration of FID today was made at a sanctioning
event in Maputo, Mozambique,
attended by His Excellency the President of the Republic of
Mozambique Filipe Nyusi, the Minister of Mineral Resources
Ernesto Max Tonela, and Anadarko's
Chairman and CEO Al Walker, along
with representatives from the Area 1 co-venturers and distinguished
guests.
"This is a historic day for the people of Mozambique," said His Excellency President
Filipe Nyusi. "Today's sanctioning
of the Anadarko-led Area 1 Mozambique LNG project solidifies a path
toward the creation of thousands of jobs for our people,
significant economic growth for our nation, and the potential to be
one of the world's largest providers of cleaner energy for decades
to come. It is truly one of the most important and transformational
projects in our country's history."
"This is an exciting day for Mozambique and for our partnership, bringing
us a step closer to making Mozambique's first onshore LNG facility a
reality," said Anadarko Chairman and CEO, Al Walker. "The Anadarko-led Area 1 Mozambique
LNG project has come a long way from our first discovery to FID for
the construction of the initial two-train development project. I
want to say a collective 'thank you' to the world-class LNG team we
have assembled at Anadarko, our co-venturers, long-term foundation
customers, lenders, the people of the Cabo Delgado region, and the
Government of Mozambique. As the
world increasingly seeks cleaner forms of energy, the Anadarko-led
Area 1 Mozambique LNG project is ideally located to meet growing
demand, particularly in expanding Asian and European markets. We
look forward to safely executing the next phase of this project for
the long-term benefit of Mozambique, its people, our partnership, and
our customers."
The Anadarko-led Area 1 Mozambique LNG project will be
Mozambique's first onshore LNG
development, initially consisting of two LNG trains with total
nameplate capacity of 12.88 million tonnes per annum (MTPA) to
support the development of the Golfinho/Atum fields located
entirely within Offshore Area 1. The project has successfully
secured in aggregate 11.1 MTPA of long-term LNG sales (representing
86% of the plant's nameplate capacity) with key LNG buyers in
Asia and in Europe. Additionally, the project is expected
to have a significant domestic gas component for in-country
consumption to help fuel future economic development.
As previously announced, the Anadarko-led Area 1 Mozambique LNG
project has been designated as "First Mover" by the Government of
Mozambique, meaning Area 1 will
also be responsible for constructing the support facilities to be
shared between Area 1 and Area 4 projects, which will include the
Materials Offloading Facility and the LNG Marine Terminal. In
addition, Area 1 has approximately 5,000 workers on-site today
progressing works associated with the construction of a
resettlement village, camp expansion, airstrip, and Palma-Afungi
Highway.
Following today's ceremony, the project expects to soon issue
Notices to Proceed under the terms of the previously executed
engineering, construction, procurement and installation contracts
and finalize financing.
CONTRACTOR SELECTIONS
Company Provided Items (CPI) for the Subsea Gathering
System:
- TechnipFMC – through its subsidiary FMC Technologies,
Inc. - Subsea Trees, Completion Workover Riser &
Installation Workover Control System, Subsea Controls System,
Subsea Connectors and Production Manifolds
- TechnipFMC – through its subsidiary Technip
Mozambique, Lda. - Aftermarket services in Mozambique
- Oceaneering International, Inc. – Subsea Umbilicals and
Distribution Hardware
- Oceaneering International GMBH – Aftermarket services in
Mozambique
- Advanced Technology Valve S.p.A. – Pipeline Subsea Ball
and Subsea Gate Valves
- Cameron Italy, S.R.L. – Subsea Chemical Injection
Metering Valves
Engineering, Procurement, Construction and Installation (EPCI)
for the Offshore Subsea System:
- TechnipFMC and VanOord – for the engineering,
procurement, construction and installation (EPCI) of the offshore
subsea system
Engineering, Procurement and Construction (EPC) for the LNG
Facility and Support Facilities:
- A consortium consisting of McDermott, Chiyoda and Saipem
(CCS JV) – the Engineering, Procurement and Construction (EPC)
contracts for the Mozambique LNG liquefaction facility and support
facilities.
Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of
Anadarko Petroleum Corporation, operates Offshore Area 1 with a
26.5 percent working interest. Co-venturers include ENH Rovuma Área
Um, S.A. (15 percent), Mitsui E&P Mozambique Area1 Ltd. (20
percent), ONGC Videsh Ltd. (10 percent), Beas Rovuma Energy
Mozambique Limited (10 percent), BPRL Ventures Mozambique B.V. (10
percent), and PTTEP Mozambique Area 1 Limited (8.5 percent).
Logo - http://photos.prnewswire.com/prnh/20141103/156201LOGO
Anadarko Petroleum Corporation's mission is to deliver a
competitive and sustainable rate of return to shareholders by
exploring for, acquiring and developing oil and natural gas
resources vital to the world's health and welfare. As of year-end
2018, the company had approximately 1.47 billion barrels-equivalent
of proved reserves, making it one of the world's largest
independent exploration and production companies. For more
information about Anadarko and APC Flash Feed updates, please visit
www.anadarko.com. Learn more about the Mozambique LNG project at
www.mzlng.com.
This news release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Anadarko
believes that its expectations are based on reasonable assumptions.
No assurance, however, can be given that such expectations will
prove to have been correct. A number of factors could cause actual
results to differ materially from the projections, anticipated
results or other expectations expressed in this news release,
including Anadarko's ability to successfully plan, finance, build,
and operate the necessary infrastructure and LNG park in
Mozambique. See "Risk Factors" in
the company's 2018 Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q and other public filings and press releases. Anadarko
undertakes no obligation to publicly update or revise any
forward-looking statements.
Anadarko Contacts
INVESTORS:
Mike
Pearl, mike.pearl@anadarko.com, 832.636.3271
Kyle Deakins,
kyle.deakins@anadarko.com, 832.636.2354
Jon VandenBrand,
jon.vandenbrand@anadarko.com, 832.636.1007
MEDIA:
John
Christiansen, john.christiansen@anadarko.com, +1
832.636.8736
Helen Rhymes,
helen.rhymes@anadarko.com, +1 832.636.2366
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SOURCE Anadarko Petroleum Corporation