Coral South

Eni announces the approval of the Plan of Development for the Coral discovery, in Area 4 offshore Mozambique. The approval relates to the first phase of development of 5 trillion cubic feet of gas in the discovery. The approval relates to the first phase of development of 5 trillion cubic feet of gas in the Coral discovery, located in the Area 4 permit. The discovery is located in water more than 2000 meters deep and approximately 80 kilometers offshore of the Palma bay in the northern province of Cabo Delgado. The Plan of Development, the very first one to be approved in the Rovuma Basin, foresees the drilling and completion of 6 subsea wells and the construction and installation of a technologically advanced state-of-the-art Floating LNG facility, the capacity of which will be around 3.4 MTPA.

Learn more Source: eni.com

Project Key-Facts

  • Project name Coral South
  • Country Mozambique
  • Operator Yes
  • Start-up Investment approved 2016
Source: eni.com

Gas Advocacy

Eni is focused on continuous growth based on exploration and the creation of long-term value, for a future in which everyone can have efficient and sustainable access to energy. To this end, it has embarked on an energy transition towards a low-carbon future that gives natural gas a central role alongside the growing development of renewable sources. In fact, gas advocacy, along with the promotion of renewables, can help eliminate the use of more polluting fossil fuels, such as coal, which is responsible for more than 70% of CO₂ emissions in the electricity sector. As a demonstration of this commitment, gas accounts for 51% of Eni’s consolidated reserves.

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Dual Exploration Model

The “Dual Exploration Model” strategy is based on the simple principle that, as hydrocarbon reserves increase, the benefits come from early monetization, achieved through the sale of minority stakes to other players. By intersecting the development and exploration phases, time-to-market is faster and the costs of transforming discoveries into production are reduced.
The Dual Exploration model is a winning combination of low exploration costs, reduced investment and risk and high returns, which, between 2013 and 2017 enabled Eni to earn 10.3 billion from exploration activities and to obtain recognition of the value of its exploration assets, also from the main national and international Oil & Gas companies.

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Eni Coral South project in Mozambique

Eni Coral South project in Mozambique

2017 results

which approximately 90% oil. Scheduled a fast-track development plan. Coral project Sanctioned by the partners the development project for the exclusive reserves in Area 4 in Mozambique amounting to 16 TCF [...] by the implementation of strategic drivers focused on upstream profitable growth, the turnaround and cost efficency initiatives in the ...

6 April 2017 eni.com Section: company

The partnership with Mozambique

Mozambique: project started just 3 years after the final drilling of the final exploration well. Coral South in Mozambique, a fully integrated project The Coral South project, in terms of size, quality [...] sale to ExxonMobil of 25 per cent of Area 4 in Mozambique. We will continue to lead the ...

16 February 2016 eni.com Section: media

Eni’s activities in Mozambique

integrated project. Development The Company is planning to develop as first target the Coral discovery and a portion of the Mamba straddling resources. The development activities of the Coral South project provides [...] main activities related to the Upstream sector conducted by Eni in Mozambique a focus on Coral South Development ...

12 May 2016 eni.com Section: enipedia

LNG activities

stories In June 2017, Eni sent the first shipment of LNG produced as part of its Jangkrik deep-water project in Indonesia. The 22,500 m 3 cargo set off for Bali from the liquefaction plant in Bontang, East [...] 2016, Eni and its partners from Area 4 signed an agreement with ...

7 May 2018 eni.com Section: operations

The Environment Day in Eni

of the project, it is expected that local communities will continue the activities, guaranteeing the long-term sustainability of the project. The details of the "Ridge to reef" project The project consisted [...] The "Ridge to reef" project Out of the three applications that met the above requirements, the project presented by ...

30 May 2017 eni.com Section: Sustainability

2016 portfolio development

up of the East Hub Development project in the Block 15/06, five months earlier than scheduled and with a time-to-market among the best in the industry. The East Hub project will develop the reservoir in [...] bcf), which will be produced at the Coral South Floating facility. The agreement is ...

9 August 2017 eni.com Section: enipedia

2016 portfolio development

up of the East Hub Development project in the Block 15/06, five months earlier than scheduled and with a time-to-market among the best in the industry. The East Hub project will develop the reservoir in [...] bcf), which will be produced at the Coral South Floating facility. The agreement is ...

9 August 2017 eni.com Section: enipedia

The assets and operations of development of Eni's oilfields

up of the East Hub Development project in the Block 15/06, five months earlier than scheduled and with a time-to-market among the best in the industry. The East Hub project will develop the reservoir in [...] bcf), which will be produced at the Coral South Floating facility. The agreement is ...

4 May 2017 eni.com Section: operations

Our Africa

found in the Mediterranean Sea. 2015 Eni announces the approval of the Plan of Development for the Coral discovery, in Area 4 offshore Mozambique. The approval relates to the first phase of development of [...] months ahead of schedule as defined in our development plan, the Integrated Oil & Gas Development Project ...

1 January 2016 eni.com Section: media

Eni’s sustainability projects in Indonesia

Environment Award received the 5th June 2017 , the project "Ridge 2 Reef" implemented by the subsidiary VICO Indonesia is keep progressing. The project has distinguished itself by having developed targeted [...] and economic data. The data also provides information on local community's involvement within the project and stakeholders mapping as ...

12 May 2016 eni.com Section: enipedia

Eni’s sustainability projects in Indonesia

Environment Award received the 5th June 2017 , the project "Ridge 2 Reef" implemented by the subsidiary VICO Indonesia is keep progressing. The project has distinguished itself by having developed targeted [...] and economic data. The data also provides information on local community's involvement within the project and stakeholders mapping as ...

12 May 2016 eni.com Section: enipedia

Eni-MIT Upstream

We are world leaders in oil exploration. Thanks to our technology we have identified fields such as Coral and Zohr and built Goliat. As well as research into solar power, the partnership between Eni and MIT

7 July 2017 eni.com Section: Innovation

The business integration strategy in Eni

production in the same period, at a time when the industry average is 0.3. In 2015 we identified the Coral and Zohr fields, in Mozambique and Egypt respectively, and in 2016 we started up Goliat, the largest

20 July 2016 eni.com Section: operations

OCTP Project Benefits

Contacts OCTP Project Benefits Through reliable supply of power, the OCTP Project will contribute significantly to the economic growth of Ghana's in the short-to-medium term. Ghana domestic natural gas [...] service delivery for power continuity against shortages currently being experienced in-country. OCTP Project multiple benefits can be summarized in the ...

12 May 2016 eni.com Section: media

Ghana: the OCTP project

Contacts Ghana: the OCTP project The Offshore Cape Three Points (OCTP) is an integrated oil and gas development project being a major contribution to access energy in Ghana. Caption Description OCTP will [...] and where needed most. Eni Ghana Exploration and Production Ltd is the Operator (47.222%) of the Project ...

12 May 2016 eni.com Section: media

Farm Recovery Project

Distribution of farm inputs and training The project distributed farm inputs of groundnut, sesame and green gram to enhance stable food production. The project also distributed vegetable seeds to 150 households [...] Contacts Food safety in Myanmar: the Farm Recovery Project Eni Myanmar and the NGO AVSI Foundation Myanmar have launched ...

30 September 2016 eni.com Section: media

The OCTP project in Ghana

The OCTP project in Ghana Oil and gas, access to energy and economic development. The OCTP project in Ghana Oil and gas, access to energy and economic development. The integrated project bringing energy [...] launched production of the Integrated Oil and Gas Development Project in the OCTP block in May 2017 ...

15 March 2018 eni.com Section: operations

Eni’s sustainability project in Congo

Eni's sustainability project in Congo Eni's sustainability project in Congo Overview In detail: the initiatives of the integrated Hinda project (PIH) Eni's support in the country for access to energy [...] The Salissa Mwana Project pdf 1 MB The Integrated Hinda Project pdf 1 MB Sustainable development projects ...

12 May 2016 eni.com Section: enipedia

Eni’s sustainability project in Congo

Eni's sustainability project in Congo Eni's sustainability project in Congo Overview In detail: the initiatives of the integrated Hinda project (PIH) Eni's support in the country for access to energy [...] The Salissa Mwana Project pdf 1 MB The Integrated Hinda Project pdf 1 MB Sustainable development projects ...

12 May 2016 eni.com Section: enipedia

The exploration model and projects

production chains. Our Upstream model Eni's exploration strategy is driven by time-to-market speed and cost-effectiveness while converting discoveries into production. How to reach first oil before other companies [...] few more details about dual exploration and the projects it was successfully applied to. Design to cost - the overlapping of ...

8 June 2018 eni.com Section: operations