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

The partnership with Mozambique

competencies of both Eni and ExxonMobil will be utilised. We will continue to steer the floating Coral South LNG project and all of the Upstream operations, while ExxonMobil will take on the construction and [...] integrated gas and LNG player is based on working alongside key partners such as Mozambique. The ...

12 July 2018 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

Eni’s proved and undeveloped reserves

made for the Coral project offshore Mozambique and the Johan Castberg project offshore Norway; (iii) reclassification of 315 million boe of proved undeveloped reserves at the Perla gas project in Venezuela [...] infrastructure-driven large scale project, where the development of PUDs has been conditioned by the completion of such infrastructures. The ...

12 May 2016 eni.com Section: enipedia

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

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

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 [...] 16 TCF in place. The Floating LNG facilities construction will be realized through a multi-source project financing of $4 ...

6 April 2017 eni.com Section: company

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-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

The OCTP project in Ghana

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13 July 2018 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

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

Agreement on the Kashagan project development

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15 January 2008 eni.com Section: enipedia

Our strategy for renewables: the "Progetto Italia" - Project Italy

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12 April 2018 eni.com

Talacre Masterplan project: creation of environmentally sensitive car parks

Contacts Talacre Masterplan project: sustainable mobility The Talacre Masterplan project commenced in 2008, when two external consulting agencies were commissioned by Cadwyn Clwyd Rural Development Agency, [...] Flintshire County Council has been involved in a long-running project to increase the economic viability of the Talacre/Gronant area. Part of this project ...

6 February 2018 eni.com Section: media