Anadarko Petroleum plans to contract insurance for operations in Mozambique

7 December 2018

Anadarko Mozambique Area 1, Lda. Intends to contract insurance for natural gas extraction operations in northern Mozambique, according to an announcement published in the print edition of Maputo daily newspaper Notícias.

In the announcement published in the largest daily newspaper in Mozambique, the subsidiary of US group Anadarko Petroleum said that the insurance to be contracted is for both works on land and off the coast of the Afungi peninsula in the province of Cabo Delgado.

The company also plans to contract sea cargo insurance, covering physical damage to the materials during transportation, according to the announcement published in the newspaper’s Wednesday edition.

At the end of November, the US group announced that its subsidiary in Mozambique, on behalf of the associated partners in the Mozambique Offshore Area 1, had selected the consortium made up of TechnipFMC and VanOord for the engineering, acquisition, construction and installation of the submarine system at the natural gas project in Mozambique.

The Area 1 block is operated by Anadarko Mozambique Area 1, Ltd, a wholly-owned subsidiary of the Anadarko Petroleum group, with a 26.5% stake, ENH Rovuma Area One, a subsidiary of state-owned Empresa Nacional de Hidrocarbonetos (ENH), with 15%, Mitsui E&P Mozambique Area1 Ltd. (20%), ONGC Videsh Ltd. (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).(macauhub)