- Saipem has been awarded a contract by Coral FLNG S.A in Mozambique for maintenance services of the floating gas processing facility, Coral Sul FLNG , located offshore Mozambique.
Coral Sul FLNG is an innovative and sustainable liquefied natural gas floating facility constructed to produce natural gas from the Rovuma Basin, located approximately 250 km Northeast of Pemba and 50 km from the Mozambique coast. It is the first FLNG facility operating in ultra-deep waters, connected to an underwater system at a depth of around 2,000 metres.
The contract is worth approximately 150 million USD with a duration of around 9 years, plus one optional year. The activities cover maintenance of the entire FLNG facility and onboard supervision as well as the creation of an onshore logistical base.
Production of about 3.4 million tons of natural gas per year will be carried out within Mozambique’s Exploitation Area 4, and will all be sold to the oil company BP for a period of 20 years, with an option to extend it for another 10 years.
The FLNG platform has storage tanks in its hull and 13 modules on top of them, including a liquefaction plant, an eight-story accommodation block for 350 people and a helicopter landing pad.
Area 4 is operated by Mozambique Rovuma Venture (MRV), a joint venture which holds a 70% participating interest in the concession contract, co-owned by ExxonMobil (USA), Eni (Italy) and CNPC (China). Galp (Portugal), KOGAS (South Korea) and Empresa Nacional de Hidrocarbonetos (Mozambique) each hold 10% stakes.
The facility is scheduled to start production in October 2022. Read more
Author: Bryan Groenendaal