Mining & Energy
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CS, a joint-venture between the McDermott, Saipem and Chiyoda groups, has signed a contract with the Anadarko Petroleum Corporation group to provide services in the Area 1 natural gas project in northern Mozambique, the McDermott group said.
The US group, whose initial portion of the contract represents US$2 billion, also said that it covers the design of the engineering project, the acquisition of equipment and the construction of all onshore facilities, including two natural gas units with a capacity of 12.88 million tonnes per year.
The McDermott and Saipem groups have set up an office in Milan, Italy, where a joint team will lead the management of the project before taking responsibility for building facilities in the province of Cabo Delgado.
Japanese group Chiyoda will only be tasked with providing consulting services to the CCS joint-venture.
The statement released on Wednesday by the US group said that work on the site will begin immediately after the Anadarko Petroleum group approves it, following the final investment decision expected in June.
The Area 1 block is operated by Anadarko Mozambique Area 1, Ltd, a wholly-owned subsidiary of the Anadarko Petroleum group, with a 26.5% stake, ENH Rovuma Area One, a subsidiary of state-owned Empresa Nacional de Hidrocarbonetos, with 15%, Mitsui E&P Mozambique Area1 Ltd.(20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique BV (10%), and PTTEP Mozambique Area 1 Limited (8.5%).Source: Macauhub
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