Years of experience
The Coral Field holds around 450 billion cubic metres of gas. Eni East Africa serves as chief operator holding a 50% operating interest. Other partners have been drawn from across Africa and the world, including KOGAS (Korea), Galp Energia (Portugal), and Empresa Nacional de Hidrocarbontres (Mozambique), thanks to the resources held off Mozambique’s coast. Construction of the floating processing facility is currently underway. Norway’s Aker Solutions inked a contract to deliver three umbilicals and related equipment to the project site in Mozambique in June 2017, helping kick the project off in earnest after it was initially earmarked back in 2012. Once complete in 2022, the FPSO is expected to pump out over 3.4 million tons of gas per year.
BP has bought the rights to purchase 100% of the gas produced at Coral South. Under the terms of this deal, BP can buy Coral South gas for the next 20 years, creating a steady income stream for both Eni and Mozambique itself.