Press "Enter" to skip to content

Anadarko adds India’s Bharat Petroleum as co-venturer in Mozambique exploration

Anadarko Petroleum Corp (APC) announced the sale and purchase agreement for India’s Bharat Petroleum Corporation Ltd to be a co-venturer in the Mozambique exploration.

“In addition to BPCL being an upstream equity co-venturer in the Mozambique LNG project, we are also pleased to have them as one of our foundation customers,” said Mitch Ingram, Anadarko Executive Vice President, International, Deepwater & Exploration.

“With this agreement, Mozambique LNG now has executed more than 8.5 MTPA of SPAs. India’s role in the global LNG market will continue to grow with Mozambique LNG being a natural supplier given its geographic proximity and 30-percent Indian state-owned interest in Mozambique LNG. We are grateful to BPCL for its support of Mozambique LNG and look forward to providing a long-term, reliable source of cleaner energy for many years to come,” he added.

Anadarko has been developing Mozambique’s first onshore LNG plant in two initial LNG trains with a total nameplate capacity of 12.88 MTPA to support the development of the Golfinho/Atum field located entirely within Offshore Area 1.

Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, operates Offshore Area 1 with a 26.5% working interest.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference, and much more!

 

Top
%d bloggers like this: