From the Field
Mozambique gas block FID by April
NEW DELHI, February 11, 2019 – Mozambique’s Rovuma gas development will see a final investment decision (FID) for Area 1 by April, the chairman of the country’s NOC said on Sunday.
Omar Mithá, the chairman of Empresa Nacional de Hidrocarbonetos, said the FID would be taken by March or April, in comments reported by Reuters.
The projected FID date is the first timeframe given for investment in the project, which is operated by Anadarko with a 26.5% working interest.
Other partners include Mitsui E&P Mozambique (20%), Empresa Nacional de Hidrocarbonetos (15% carried interest), ONGC Videsh (16%), BPRL Ventures Mozambique (10%), PTT Exploration and Production (8.5%) and Oil India (4%).