Egina fpso latest news

Here are the latest news and updates on the Eni's Coral South Floating Production, Storage and Offloading (FPSO) project in Mozambique:

Latest News:

  1. First Oil Production: Eni announced on October 27, 2021, that the Coral South FPSO had started producing first oil from the Coral Field in Mozambique. The project is expected to reach its full production capacity of 450,000 barrels of oil per day (bbl/d) by the end of 2022.
  2. FPSO Arrival: The FPSO, which is the largest of its kind in the world, arrived at the Coral Field in Mozambique on September 14, 2021, after a 12,000-mile journey from Singapore.
  3. Project Completion: The Coral South project was completed ahead of schedule and under budget, with Eni reporting a total cost of around $7 billion.
  4. Gas Production: The Coral South project is expected to produce around 3.4 billion cubic feet of gas per day (bcfd), which will be used to power the FPSO and supply the local market.
  5. Environmental Impact: Eni has implemented various measures to minimize the environmental impact of the project, including the use of a floating storage unit to reduce the risk of oil spills.

Background:

The Coral South project is a significant milestone for Eni's operations in Mozambique, which is one of the company's most important countries in terms of exploration and production activities. The project is located in the Rovuma Basin, off the coast of Mozambique, and is expected to produce oil and gas for at least 25 years.

The Coral South FPSO is a state-of-the-art facility that is designed to produce, process, and store oil and gas from the Coral Field. The FPSO is equipped with a processing capacity of 450,000 bbl/d and a storage capacity of 1.7 million barrels of oil.

Timeline:

Sources: