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April 28, 2022

Coral North Conventional Gas Field, Mozambique

By Carmen

Coral North is a conventional gas development located in ultra-deepwater in Mozambique and is operated by Mozambique Rovuma Venture. Coral North lies in block Area 4, with water depth of around 8,531 feet.

The project is currently in approval stage and is expected to start commercial production in 2028. Final investment decision (FID) of the project will be approved in 2024.

Field participation details

The field is owned by Korea Gas, Galp Energia SGPS, Empresa Nacional de Hidrocarbonetos EP, China National Petroleum, Exxon Mobil and Eni.


Production from Coral North

Production from the Coral North conventional gas development project is expected to begin in 2028 and is forecast to peak in 2030, to approximately 3,435 bpd of crude oil and condensate and 450 Mmcfd of liquid natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2097.


Remaining recoverable reserves

The field is expected to recover 1,165.46 Mmboe, comprised of 45.18 Mmbbl of crude oil & condensate and 6,721.65 bcf of liquid natural gas reserves.


Contractors involved in the Coral North conventional gas field

The key contractors involved in the Coral North project as follows.

Other Contractors: Nortrans

About Mozambique Rovuma Venture

Eni East Africa SpA is an owner of the 70% interest in Area 4, in Mozambique.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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