PTTEP to make FID decision on Mozambique gas field in H1

Thailand-based PTT Exploration & Production (PTTEP) will make a final investment decision on the Anadarko-operated Rovuma Offshore Area 1, offshore Mozambique, in the first half of 2019.

If an investment decision is made in the allotted time period, the company anticipates that the first phase of production will begin in 2024.

Area 1 potentially to holds 75 trillion cubic feet of recoverable gas resources which will be connected to onshore facilities through a 40km pipeline; including two LNG trains each with a capacity of 6.44 mt/a.

Anadarko operates Area 1 with a 26.5 percent stake and is partnered by PTTEP on 8.5 percent, Mitsui with 20 percent and Mozambique state-owned ENH with a 15 percent carried interest.