One day - One News

Email This Page

Anadarko harvests new gas reserves offshore Mozambique

Atum discovery proves Rovuma prolific to Anadarko

The Atum natural gas field is located approximately at 16 killometers distance from the previous Golfinho discovery to the Northwest within the Offshore Area 1 of the Rovuma Basin.

In the Offshore Area 1 of the Rovuma basin, Anadarko Petroleum Company (Anadarko) and its partners share working interests as:

 – Anadarko 36.5% is the operator

 – Mitsui E&P 20%

 – BPRL Ventures Mozambique B.V. 10%

 – Videocon Mozambique 10 %

 – Cove Energy 8.5%

 – Empresa Nacional de Hidrocarbonetos 15%

Three test wells which have been drilled in Atum indicate a likely connection between Atum and Golfinho natural gas fields.

At first estimates, the Atum reservoir would contain between 10 and 30 trillion cubic feet (tcf) of recoverable natural gas.

This quantities of gas positions Atum as the second major Anadarko’s discovery offshore Mozambique.

Atum gas field lays by 1000 m water depth and additional 3000 m depth in oligocene water fans.

From the Atum and Golfinho discoveries, Anadarko estimates the total recoverable natural gas resources in the Offshore Area 1 of the Rovuma Basin in Mozambique between 30 tcf and 60 tcf while the total reservoirs discovered reserves in the block are close to 100 tcf.

In this context, Anadarko has decided to drill a forth well in Atum to speed up the large scale future production of natural gas feedstock for the projected LNG trains.

Atum to boost Anadarko Mozambique LNG trains

As a result, the Anadarko and its partners are continuing to advance a liquefied natural gas (LNG) development.

These LNG plant is designed around two LNG trains of 5-million t/y each.

To supply these LNG trains, Anadarko is planning to construct a flexible offshore production system to collect gas from the wells located approximately 56 kilometers offshore.

This offshore gas gathering and treatment will deliver natural gas to the liquefaction plant onshore.

KBR  completed the Pre-front-end engineering and design (pre-FEED) activities and Anadarko expects to begin FEED work in following.

Anadarko and its partners Mitsui, BPRL, Videocon Mozambique, Cove Energy, Empresa Nacional de Hidrocarbonetos,  should make the final investment decision (FID) in 2013 for completion and normal operations in 2018.

Anadarko in brief

Anadarko Petroleum Company is based in Houston Texas, USA and has three reporting segments:

 – Upstream: Oil and gas exploration and production. This segment explores for and produces natural gas, crude oil, condensate, and natural gas liquids (NGLs).

 – Midstream: This segment provides gathering, processing, treating, and transportation services to Anadarko and third-party oil and natural gas producers in the USA.

 – Marketing: This segment sells much of Anadarko’s production of oil, natural gas, and NGLs as well as production purchased from third parties in the USA. Anadarko also trades oil from Algeria, China, and Ghana.

Anadarko has major subsidiaries: Kerr-McGee Corporation, Lance Oil & Gas Company and Howell Petroleum Corporation. 

Anadarko‘s portfolio of assets encompasses premier positions in USA onshore shales and resource plays in the Rocky Mountains region, the southern USA and the Appalachian Basin.

Anadarko is also a premier producer in the Gulf of Mexico deepwater, and has production in Alaska, Algeria, and Ghana with additional exploration opportunities in West Africa, Mozambique, Kenya, South Africa, New Zealand and China. 

During 2011, Anardarko produced 248 million barrels of oil equivalent (BOE), booked $ 13.9 billlion sales revenues and invested $6.5 billion in capital expenditures.

Additionally, the Anardarko replaced 159 percent of its produced reserves ending the year 2011 with 2.54 billion BOE of proved reserves

Shell and PTTEP extend their offer on Cove to July

That is in the context of Atum discovery that Shell and PTTEP have extended their previous offer on Cove Energy.

Both companies have not changed their conditions, Shell at $0.220 per share and PTTEP at $0.240 while these shares are still quoting above these amounts in expecting new offers.

For the time being, Shell extended its offer to July 11th and PTTEP to July 6th 2012.

With the Atum discovery in the Offshore Area 1 of the Mozambique Rovuma Basin, Anadarko and its partners (Mitsui, BPRL, Videocon Mozambique, Cove Energy, Empresa Nacional de Hidrocarbonetos) are attracting active new players such as Shell or PTTEP to convert this natural gas into valuable LNG.

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

Leave a Reply

signature loans . In this section we give only a brief summary recommendation for admission of Levitra. Full information can be found in the instructions for receiving medications with vardenafil.