Anadarko seeks construction property and casualty insurance for Mozambique LNG project

Login

Register

http://www.clubofmozambique.com/

Anadarko seeks construction property and casualty insurance for Mozambique LNG project

1:12 CAT | 05 Dec 2018

File photo: For illustration purposes only

Anadarko Moçambique Area 1 today invites all interested parties to submit an Expression of Interest (EOI) for insurance capacity related to the insurance for the construction of the LNG Facility in the Afungi peninsula, Cabo Delgado province, Mozambique.

In an advertisement published today in Noticias, the largest newspaper in Mozambique, Anadarko says it will take out insurance against all risks and related policies for physical damages in its onshore project and in its offshore project.

The US company also plans to insure marine cargo, covering physical damage of materials to be installed in the onshore project during maritime transportation.

Last week, Anadarko announced yet another “important step” in the exploration of natural gas in the Rovuma basin, selecting the companies that will build the submarine extraction system.

Anadarko has selected “a consortium consisting of TechnipFMC and VanOord as the preferred tenderer for the engineering, procurement, construction and installation (EPCI) of the offshore subsea system for its Mozambique LNG project,” reads a company report seen by Lusa.

ALSO READ: Anadarko selects preferred tender for Mozambique’s Offshore Area 1 LNG project

The company leads the Rovuma Area 1 development consortium which in recent months has announced that it is signing contracts for the sale of the gas it will produce in Mozambique.

The consortium that operates Area 1 consists of North American Anadarko (26.5%), Japanese Mitsui (20%), Indian ONGC (16%), Mozambican state oil company ENH (15%), Oil India Limited (4%), Bharat Petro Resources (10%), and Thai PTTEP (8.5%).