According to ENI’s Technical Director Ivan Codgnotto the implementation of the Coral Sul project is proceeding according to the original plan and the Gas will start to be loaded in the second half of this year.
In a presentation that took place last June 2, during the MMEC conference the Technical Director of ENI, made a very positive point regarding the implementation schedule of the Coral FLNG project.
“Not even the challenges that the pandemic brought at all levels, delayed operations in the various countries”, which according to the representative “demonstrates the resilience of the partnership of the Area 4 consortium led by ENI”, he added.
“We have had several difficulties in the past few years, but despite this the project has remained on schedule,” Codognotto noted. “We are committed to deliver Gas in the second half of 2022,” he promised, also referring to the important role that had the support of the Government of Mozambique, the Authorities and the Mozambican People.
Area 4 Consortium
The Area 4 exploration consortium, a 13,235 km² field in ultra-deep waters, is composed of the following entities and percentages:
Mozambique Rovuma Venture (MRV) – 70% (divided by ExxonMobil 35.7%, ENI – 37.5% and CNPC – 28,6%)
Galp – 10%.
Kogas – 10%.
ENH – 10%.
The Coral Sul project
The Coral Sul project consists of the construction of a floating natural gas liquefaction unit (FLNG) that will be allocated in the southern part of the Coral discovery, which is exclusively located in Area 4, which contains about 16 tcf of natural gas.
The floating unit will have a capacity of over 3.4 million tons per year (mtpa) of liquefied natural gas (LNG), and will be connected to six wells.
The Final Investment Decision (FID) on the project was made by the consortium in 2017, and the partners signed the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the FLNG unit with the TJS consortium (Technip, JGC, Samsung).
The total investment for the upstream and midstream development is estimated at $7 billion (bn) and the start of production is expected in the second half of 2022. The consortium for Area 4 has also secured $5 bn in project financing with a syndicate of ECAs (export credit agencies) and international financial institutions.
In October 2016, the consortium signed an agreement with BP to sell the total volumes produced through the FLNG unit in South Coral for a period of 20 years.
Milestones of the South Coral project
October 2016, the consortium signed an agreement with BP for the sale of the total volumes produced through the FLNG unit in South Coral for a period of 20 years;
Final Investment decision was reached in June 2017;
Construction of the FLNG facility commenced in September 2018 in South Korea;
Simultaneously drilling activities of 6 wells in ultra-deep water (2000 meters) in Mozambique were taking place;
FLNG platform arrived in Mozambican territorial waters on January 3;
Docking process completed by early March 2022;
Offshore commissioning is in progress;
Connection of wells’ hoses and umbilicals completed in May;
First LNG shipment planned for second half of 2022.
Coral Field Figures
2012 (May) – Coral field discovery
85 Trillion ft3 (2.4 Trillion m3)
1st deepwater FLNG project in the world
8 Billion USD investment
1,500m and 2,300m deep
150 miles (241.4km) northwest of Pemba
30 miles (48.2km) off the coast of Mozambique
The floating platform Coral FLNG:
432 meters long
66m wide
220.000 Tons
Accommodates up to 350 people
Handles up to 3.4 MPTA
Resources
ExxonMobil
ENI
GALP
Kogas
CNPC
ENH
Mozambique Rovuma Venture
