Page 15 - AfrOil Week 25 2022

AfrOil PROJECTS & COMPANIES AfrOil

It said that company representatives had met with community representatives at public
recently met with members of local communi- information sessions and we have had and will
ties and interested non-governmental organi- continue to have face-to-face discussions in the
sations (NGOs), both at open meetings and at coming weeks.”
focus groups, to share information and discuss Kinley also expressed optimism about the
the project. exploration project, saying: “We anticipate
Colin Kinley, Eco Atlantic’s founder and approximately three to four weeks on site to drill
COO, described these meetings as important. the test well, and then regardless of our findings
“We acknowledge that South Africa’s energy we will seal off the well, ensure the site is com-
transition must be thought out from all perspec- pletely restored and move off. Eco has chosen a
tives,” he commented. “Although the required majority of available South African services and
permits are in place at this point, we thought it will base its operations from Cape Town. This is
necessary to voluntarily meet with the regional an exciting opportunity and holds the potential
local communities and interested parties to of establishing a new over 300mn barrels light
hear out concerns and interests. The company oil resource.” ™

Eni says first volumes of gas have

been loaded into Coral Sul FLNG

MOZAMBIQUE THE Coral South LNG consortium is on track of Africa.
to begin producing LNG on schedule in the sec- The Italian company stressed in its press
ond half of 2022, as it has begun loading natu- release that the FLNG had been built “with an
ral gas into the Coral Sul floating LNG (FLNG) energy optimisation approach, integrated in the
vessel installed at Area 4 offshore Mozambique. design via a systematic analysis of energy effi-
Eni, the operator of the consortium, said in ciency improvements.” Some of these improve-
a press release dated June 18 that Coral South ments include, it said, “zero flaring during
LNG had “safely achieved the introduction normal operations, use of thermal efficient
of hydrocarbons” into the FLNG unit, which aero-derivative gas turbines for refrigerant com-
arrived at its current site at the Coral South gas pressors and generation, use of Dry Low NOx
field earlier this year. The vessel is set to produce technology to reduce NOx emission and waste
enough LNG to complete its first cargo in the heat recovery systems for the process.”
second half of 2022, it stated. The cost of Coral South LNG is expected
This event will add Mozambique to the list of to reach $10bn or more. The shareholders in
the world’s LNG-producing countries, it added, the project are Mozambique Rovuma Venture
without saying exactly how much the cargo (MRV), a joint venture owned by Eni, Exxon-
would contain. Mobil (US) and China National Petroleum
Eni and its partners discovered the Coral Corp. (CNPC); Galp (Portugal); KOGAS (South
field at Area 4 in 2012. They then made a final Korea), and ENH, the national oil company
investment decision (FID) on the Coral South (NOC) of Mozambique. ™
LNG project in 2017, and their South Korean
contractor began construction of the FLNG unit
in September 2018. The vessel was completed
on schedule just 38 months later, despite the
challenges posed by the coronavirus (COVID-
19) pandemic, and departed from the shipyard
for Mozambique in November 2021. It arrived
in Mozambican waters in January of this year,
completed mooring operations in March and
then established connections to six subsea
development wells in May.
Coral Sul FLNG is outfitted with a single
production train and is capable of turning out
3.4mn tonnes per year (tpy) of LNG. The vessel
is currently anchored in 2,000-metre-deep water
and will be used to process 450bn cubic metres
of gas from the Coral reservoir within Area 4.
It is the first floating gas liquefaction plant ever
to be deployed at a deepwater field off the coast Eni is using the Coral Sul FLNG to liquefy gas from its offshore block (Image: Eni)

Week 25 22•June•2022 www. NEWSBASE .com P15