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 2014 and 2017 enabled Eni to earn 9 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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From Enivideochannel

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#theEnimodel: focus on the new projects - 2016 Investor Day | Eni Video Channel

Eni's CEO Claudio Descalzi will present to investors the 2016 Investor Day - New York. We’ve made a home all around the world: Nooros in Egypt, Marine XII in the Republic of the Congo, Goliat in Norway and Kashagan in Kazakhstan are just a few of Eni’s new projects. Come and discover them all!

2016 results

billion boe of additional resources at a cost of 0.6 $/boe. Additions to the Company's resources backlog were 3.4 billion boe in the last three years, at a cost of 1 $/boe. Promising new prospects to be [...] permissions from the Authorities, Green Refinery project started, representing a ...

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. Eni launches Coral South project in Mozambique The President of the Republic of Mozambique Filipe Nyusi, [...] Leticia Klemens, and Eni's CEO Claudio Descalzi, participated today to the launch of the Coral South LNG project ...

16 February 2016 eni.com Section: media

Eni’s activities in Mozambique

Mozambique with the support of proprietary seismic processing technologies e-dva a focus on Coral South Development Project, wich was approved by the Government of Mozambique in February 2016 Eni offices and contacts [...] on distinct and clearly defined scopes while preserving the benefits of a fully integrated project. The Coral South ...

12 May 2016 eni.com Section: enipedia

Exploration and development activities

deposits and completed new exploratory wells. The reasons for our success Our goal is to focus on low-cost resources, flexibility over the short term and creation of sustainable value and growth over the long [...] development operations are carried out during exploration and the information required to improve project engineering ...

31 August 2017 eni.com Section: operations

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 production activities of Eni oil fields

in Angola the overall production of the 15/6 block will soon reach 150,000 boe per day. The OCTP project , scheduled to start mid-2017, will supply gas to Ghana's thermal power plants for more than 15 years.

31 August 2017 eni.com Section: operations

Roberto Casula

he became Technical Services Manager and in 2001 moved to the Middle East as Project Director on a giant gas production project. From 2004 to 2005 he held a number of managerial positions in the Exploration

12 May 2016 eni.com Section: company

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

months ahead of schedule as defined in our development plan, the Integrated Oil & Gas Development Project, in the OCTP block off the coast of Ghana, has entered production. 2017

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