Coral South is a conventional gas development located in ultra-deepwater in Mozambique and is operated by Mozambique Rovuma Venture. Discovered in 2012, Coral South lies in block Area 4, with water depth of around 7,337 feet.
The project is currently in commissioning stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2017. The development cost is expected to be $7,000 m. The Coral South conventional gas development will involve the drilling of approximately six wells and includes FLNG, subsea manifold, and subsea trees.
Field participation details
The field is owned by Galp Energia SGPS, Korea Gas, Empresa Nacional de Hidrocarbonetos EP, Eni, Exxon Mobil and China National Petroleum.
Production from Coral South
Production from the Coral South conventional gas development project is expected to begin in 2022 and is forecast to peak in 2047, to approximately 3,382 bpd of crude oil and condensate and 443 Mmcfd of liquid natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2053.
Remaining recoverable reserves
The field is expected to recover 782.64 Mmboe, comprised of 34.26 Mmbbl of crude oil & condensate and 4,490.27 bcf of liquid natural gas reserves.
Contractors involved in the Coral South conventional gas field
Some of the key contractors involved in the Coral South project as follows.
Main EPC: JGC Holdings, Samsung Heavy Industries and TechnipFMC
Other Contractors: Aker Solutions, Amarinth, Baker Hughes, Engie and Eni
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.