Africa’s First Deep-water Floating LNG Production Unit Ready to Sail Away to Mozambique’s Offshore Area 4

Source Press Release
Company Galp EnergiaCNPCENHENI S.p.A.ExxonMobil 
Tags ESG/CSR, LNG & Gas Storage/Processing, Production/Development
Date November 15, 2021

Galp and its partners in Mozambique’s offshore Area 4 (Eni, ExxonMobilCNPC, Kogas and ENH) held the naming and sail away ceremony of the Coral-Sul FLNG, the first floating LNG facility ever to be deployed in the deep waters of the African continent, as part of the Coral South Project.

The event took place at Samsung Heavy Industries shipyard in Geoje, South Korea, in the presence of H.E. Filipe Jacinto Nyusi, President of the Republic of Mozambique, and H.E. Moon Jae-in, President of the Republic of Korea.

The FLNG will be towed and moored at the final operating site offshore Mozambique during the first half of 2022 and start of production is expected in 2022 as projected in the original plan. Coral South’s Final Investment Decision was taken in 2017, only 36 months after the last appraisal well; FLNG fabrication and construction activities started in 2018 and were completed on time despite the COVID-19 pandemic.

While performing the construction activities in Korea, several significant activities were undertaken in Mozambique, with support from the Mozambican authorities, including the ultra-deep waters (2000m) Drilling and Completion campaign that involved the highest technological and operational skills.

The project will generate significant Government take for the Country while creating more than 800 new jobs during the operation period.

“This project is material to Galp’s production, adding an expected 9.000 boe/d at plateau, while also significantly increasing Galp equity natural gas production. Galp sees natural gas as an important fuel for the energy transition in order to lower global carbon emissions, and it’s an important contributor to Galp’s ambition to become net zero by 2050. Galp has been present in Mozambique for more than 60 years and this project is an important contributor to the further sustainable development of Mozambique and its energy industry”, says Thore E. Kristiansen, Galp’s COO and Executive Director.

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd