Italian energy giant Eni and its partners have taken a final investment decision on the Quiluma and Maboqueiro gas project, which will feed the Angola LNG export plant in Soyo.
Other partners in the New Gas Consortium include Chevron’s affiliate in Angola Cabinda Gulf Oil (Cabgoc), Sonangol P&P, BP, TotalEnergies. Angola’s ANPG is also part of the project.
According to Eni, this is Angola’s first non-associated gas development project.
The project includes two offshore wellhead platforms, an onshore gas processing plant and a connection to Angola LNG plant for the marketing of condensates and gas via LNG cargoes.
Eni expects the project will produce 330 mmscf/day, or 4 billion cubic meters/year, at plateau.
Moreover, Eni said project execution activities would start in 2022 with a first gas planned in 2026.
Eni has a 25.6 percent operating stake in the New Gas Consortium, Cabgoc owns 31 percent, Sonangol P&P 19.8 percent, BP 11.8 percent, and TotalEnergies owns 11.8 percent.
As per the Angola LNG plant, Chevron has 36.4 percent stake while Sonangol owns 22.8 percent. Furthermore BP, Eni and Total hold a 13.6% stake, each.
The plant has a treatment capacity of about 353 bcf a year of feed gas and a liquefaction capacity of 5.2 million metric tonnes of LNG.
In March, Eni and BP signed a deal to combine their upstream portfolios in Angola, including all their oil, gas and LNG interests in the country.
Following completion of this transaction, the new JV Azule Energy would take the operatorship of the Quiluma and Maboqueiro gas project, Eni said.