Anadarko Petroleum to make final decision on investment in Mozambique

26 May 2015

US oil company Anadarko Petroleum will make a final investment decision on Mozambique, the group’s vice president said Friday in Maputo, at the end of an audience with the Mozambican prime minister.

“There are agreements that we have to conclude to ensure we can operate and explore the gas, so we want a guarantee that we can execute a project of this size in an efficient and effective way,” said Don MacLiver, after a meeting with Carlos Agostinho do Rosario.

MacLiver also said talks between the Mozambican government and the US were ongoing to ensure the effective development of the project, work on which is expected to take four years, but has yet to begin, despite an area of around 7,000 hectares already having been set aside in Palma district in the province of Cabo Delgado.

On Monday the group announced it had hired the CCS JV consortium as the main contractor for the project, which includes the US company Chicago Bridge & Iron, Japan’s Chiyoda Corporation and Saipem of Italy.

Anadarko Petroleum leads the consortium that operates Area 1 of the Rovuma Basin, off the coast of Cabo Delgado, where studies indicate the existence of over 75 trillion cubic feet of natural gas. (macauhub/MZ)