ONGC Videsh announces approval of Golfinho-Atum field in Mozambique offshore

It will also supply around 100 million cubic feet of natural gas per day for domestic sales for Mozambique’s industrial development

GN Bureau | March 6, 2018


#Golfinho-Atum   #ONGC   #PSU   #Mozambique  

The government of Mozambique has accorded approval for the development plan for Golfinho-Atum natural gas field in the Area 1 block in Rovuma Offshore Basin of Mozambique. ONGC Videsh Limited recently announced it.

The plan envisages integrated development of Golfinho-Atum field through an initial two train onshore liquefaction plant with a total processing capacity of 12.88 million metric ton per annum (MMTPA). The Golfinho-Atum project will also supply initial volumes of approximately 100 million cubic feet of natural gas per day for domestic sales for Mozambique’s industrial development which will have significant socio-economic impact.

The plan’s approval is the culmination of several years of progress on technical and commercial aspects of the development, ONGC Videsh said in an official statement.

This foundational project paves the way for significant future expansion of up to 50 MMTPA from Offshore Area 1. The Area 1 block located in the deep-water Rovuma Basin offshore Mozambique is one of the largest gas discoveries in offshore east Africa with estimated recoverable resources of approximately 75 trillion cubic feet.

With the approval of major legal and contractual framework agreements and the start of resettlement implementation activities and site preparation, the approval of the development plan is a significant milestone in the further progress of the Mozambique Rovuma Area-1 offshore project.

Comments

 

Other News

Manmohan Singh favours ‘time-tested measures’ for economy

The much hyped ‘double engine’ model of governance on which the BJP is seeking votes has utterly failed, and Mumbai and Maharashtra have had to face some of the worst effects of economic slowdown, former prime minister Manmohan Singh has said. A lot of problems facing Maharashtra

“If the oppn is weak you can’t blame the govt for that”

A three-term Rajya Sabha member, Sanjay Raut is the Shiv Sena spokesperson and its voice in parliament. He is also the executive editor of Marathi newspaper Samana, started by Shiv Sena founder Bal Thackeray. Raut spoke with Geetanjali Minhas on his party’s seat-sharing agreement

Ashish Shelar of BJP says, “We are very confident of victory”

Ashish Shelar, 47, was the president of the Mumbai city unit of the BJP, before he became the minister of school education, sports and youth welfare in the Maharashta government this year. He has represented the Vandre West constituency in the state assembly and seeking re-election. In a chat with

Nobel for economics goes to `global fight against poverty`

The Nobel Prize in economics for 2019 goes to Abhijit Banerjee, Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty." The prize, known as “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”, was announc

Modi-Xi script a new chapter in bilateral relations

Prime minister Narendra Modi has accepted president Xi Jinping’s invitation to visit China in 2020 for their third informal summit after Wuhan and Mamallapuram, indicating both sides’ realization of the importance of the mechanism which gives the two leaders of the Asian giants an opportunity t

Dharma as the original Idea of India

Dharma: Hinduism and Religions in India By Chaturvedi Badrinath Edited by Tulsi Badrinath Penguin, 194+ xiii pages, Rs 499 How to live: That is the most fundamental question of human existence.



Archives

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter