Coral gas field
| Coral | |
|---|---|
 Saipem 12000 ultra-deep water drillship | |
| Country | Mozambique |
| Region | Cabo Delgado Province |
| Location | Rovuma Basin |
Offshore/onshore | offshore |
| Operator | Eni |
| Field history | |
| Discovery | 2012 |
Start of development | 2017 |
Start of production | 2022 |
| Production | |
Current production of gas | 2.9×106 m3/d 100×106 cu ft/d 1×109 m3/a (35×109 cu ft/a) |
Estimated gas in place | 286×109 m3 10×1012 cu ft |
The Coral gas field is a natural gas field located offshore the Cabo Delgado Province of Mozambique. Discovered in 2012, it was developed by Eni, determining it to have initial total proven reserves of around 10 trillion ft3 (286 km3). It began production of natural gas and condensates in 2022, with a production rate of around 100 million ft3/day (2.9×105 m3).[1][2]
Recent investments
In May 2024, ADNOC (Abu Dhabi National Oil Company) acquired a 10% stake in the Area 4 concession. This included interests in Coral South FLNG, planned Coral North FLNG, and the onshore Rovuma LNG facilities, combining for over 25 million tonnes per annum (Mtpa) of capacity Reuters. Galp Energia, which previously held this stake, received around $650 million, with additional contingent payments tied to future decisions for Coral North and Rovuma LNG.
References
- ↑ "Rovuma Basin promissing [sic] to ENI with Mozambique Mamba discoveries". 2b1stconsulting.com. 2012. Retrieved 2013-06-08.
- ↑ "Mozambique-The emergence of a natural gas giant" (PDF). sptec-advisory.com. 2012. Archived from the original (PDF) on 2017-12-12. Retrieved 2013-06-08.