Coral FLNG announce the keel laying of the Coral South FLNG

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Coral FLNG announce the keel laying of the Coral South FLNG

2:42 CAT | 06 Jun 2019

Photo: O País

Coral FLNG SA and Area 4 partners announce the keel laying of the Coral South FLNG marked with the installment of the first giga block of more than 4,000 tons of steel into the floating dock, where the floating gas liquefaction plant, the first in East Africa and in deepwater worldwide, is now taking shape.

The ceremony, which took place at Samsung Heavy Industries shipyards in Geoje, South Korea, was attended by representatives of the Government, led by the Chairman of the Instituto Nacional de Petróleos (INP), Carlos Zacarias, Eni as Coral South Operator and representative of Area 4 Partners .

This is an important milestone for this landmark project for the overall LNG industry and for Mozambique too, opening the wave to new LNG mega projects that will establish Mozambique as one of the main LNG producer enabling a transformational change of the country.

“This is a time of celebration for the Eni led Coral South Project and all stakeholders, the keel laying is a key milestone and we can now appreciate our hull and, let me say, our dream, now actually taking shape turning into reality. But we are already looking forward to the next step, the hull launching by beginning of next year”, said Maurizio Lanzo, Coral FLNG General Manager, underling HSE as the first priority for the project and asking to push further on an overall improvement of HSE programs and performances to grant the Coral South Project a safe journey.

The INP Chairman, Carlos Zacarias, who was representing the Minister of Mineral Resources Ernesto Max Tonela in the ceremony, emphasised the commitment from the Government to the project. “We are creating all the conditions to guarantee that the beginning of the production will take place within the established schedule and respects the budget agreed with Eni and its partners” said Carlos Zacarias.

The project is on schedule and in the 2nd half of this year, the drilling campaign will start in the offshore of the Rovuma Basin in Mozambique.

First production from the Coral South Project is planned in 2022.

About the company

Coral South Project is the first LNG Project in Mozambique, led by Eni, to exploit the huge reserves of Area 4 in the Rovuma Basin through the first worldwide ultra-Deepwater floating LNG plant. The production capacity is 3.4. MTPA (million tons per year) for 25 years, starting in 2022.

The Coral South project, led by Eni, is the first FLNG in East Africa and the first deepwater worldwide, located offshore Mozambique in the Rovuma Basin in water-depth of around 2,000 meters. With a production capacity of 3,4 MTPA (million tons per year), the Coral Sul FLNG and related upstream facilities will develop 5 trillion cubic feet (TCF) of gas over 25 years of production from the Coral gas reservoir, offshore Mozambique.

Coral FLNG SA is a Special Purpose Entity established in Mozambique by the Area 4 Partners, namely Eni, ExxonMobil, CNODC, ENH, Galp and Kogas, to develop and manage the Coral Sul FLNG.

Area 4 partners are Eni (25%), ExxonMobil (25%), CNPC (20%), Empresa Nacional de Hidrocarbonetos EP (10%), Kogas (10%) and Galp Energia . (x)

Source: Coral South / Press Release