Name of the Project
Coral South floating liquefied natural gas (FLNG) project.
Location
The Coral South project is located in the deep waters of the Rovuma basin, which straddles Mozambique’s northern border with Tanzania, about 241 km north-east of Pemba and 48 km from the Mozambique coast.
Client
Coral FLNG SA, comprising ENI Mozambique LNG Holding (50%), CNODC Mozambique (20%), ENH FLNG UM (10%), Galp Energia Rovuma (10%) and KG Mozambique (10%).
Project Description
The Coral natural gasfield contains about 450-billion cubic meters of gas. The first phase of the Coral field exploitation includes the development of five-trillion cubic feet of gas.
The project entails the engineering, procurement, construction, installation and commissioning (EPCIC) of an FLNG facility.
The facility will be the first FLNG project for a deep-water gasfield at water depths of 2 000 m or more.
The facility will be 439 m long, 65 m wide, 38.5 m deep and weigh 210 000 t. It is designed to produce an estimated 3.4-million tons a year of liquefied natural gas (LNG) and 480 000 t/y of gas condensates (ultralight oil).
The FLNG will be a turret-moored, double-hull floating vessel, on which gas-receiving, processing, liquefaction and offloading facilities will be mounted, together with LNG and condensate storage.
Potential Job Creation
Not stated.
Value
Total development capital expenditure for upstream and midstream is estimated at $7-billion.
Duration
Start-up is expected in mid-2022.
Latest Developments
Italian oil company Eni achieved financial close for about $4.7-billion in December 2017 for the Coral South FLNG multisourced project financing.
According to Eni, the financing is divided between BPI Export Credit Agency Covered Loan; KEXIM Export Credit Agency Covered Loan; Ksure Export Credit Agency Covered Loan; Sace Export Credit Agency Covered Loan; Sinosure Export Credit Agency Covered Loan; Commercial Bank Direct Loan; and KEXIM Direct Loan.
Key Contracts and Suppliers
JGC Corporation, TechnipFMC and Samsung Heavy Industries (EPCIC and start-up); KBR joint venture with Daewoo Shipbuilding & Marine Engineering Company (front-end engineering design); Baker Hughes and GE (rotating equipment for the power and gas refrigeration process of the new FLNG facility); SOFEC (engineering, procurement, and construction contract for the internal turret mooring system and its ancillary components); Air Products (cryogenic coil wound heat exchanger technology and the liquefaction process licence for the FLNG facility); Norsafe (freefall systems containing gravity escape system, or GES, MKIII lifeboats with HD-50 davits and GES 45 lifeboats with HD-45 davits); and Keppel Offshore & Marine (a turret mooring system); Rina Services (certification authority for the design and fabrication of sub-sea structures and equipment and to provide technological validation services for the FLNG).
On Budget and on Time?
Not stated.
Contact Details for Project Information
ENI Mozambique LNG Holding, tel +258 21344500/1.
CNODC Mozambique, tel +258 20 333 9355.
Galp Energia Rovuma, tel +351 217 242 680, fax +351 217 242 965 or email galp.press@galp.com.