Maputo, Mozambique, 14 June – US group Anadarko Petroleum plans this month to submit a technical and financial proposal for a project for production, liquefaction and export of natural gas extracted from the deep waters of the Rovuma basin off the northern coast of Mozambique, Mozambican state newspaper Notícias reported.
In the last five years and under the terms of a concession contract, the company has drilled six offshore test wells, four of which found natural gas and one with vestiges of oil, although not in quantities considered to be commercially viable.
Since then additional studies have been underway to establish the size of the natural gas reserves. Alongside this Anadarko and its partners are assessing the possibility of oil in the area, in quantities that might lead to investments for commercial exploration.
Research and development for this project is expected to cost up to US$15 billion and, if Anadarko’s proposal is approved the project for production and liquefaction of natural gas is expected to be operational by 2018.(macauhub)