Coral North is a conventional gas development located in ultra-deepwater in Mozambique and is operated by Mozambique Rovuma Venture. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block Area 4, with water depth of around 8,531 feet. Buy the profile here.
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 China National Petroleum, Empresa Nacional de Hidrocarbonetos EP, Eni, Exxon Mobil, Galp Energia SGPS and Korea Gas.
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.
For more details on the Coral North Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
