New Gas Consortium has reached final investment decision (FID) for the Quiluma and Maboqueiro (Q&M) gas project, the first non-associated gas project in Angola
The consortium is composed of Eni and its partners: Chevron affiliate Cabinda Gulf Oil Co Ltd (CABGOC), Sonangol P&P, BP and TotalEnergies, together with Angola’s National Agency for Oil, Gas and Biofuels (ANPG).
The project includes two offshore wellhead platforms, an onshore gas processing plant and a connection to Angola LNG plant for marketing condensates and gas via LNG cargoes. Project execution will start 2022 with first gas planned 2026 and an expected production of 330 /day at plateau (approximately 4Bn m3/year).
Eni said sanctioning the Q&M Project is “an important milestone” towards unlocking undeveloped sources of energy and to bring a reliable supply of gas to the Angola LNG plant.
New Gas Consortium partners encompass Eni (25.6%, operator), CABGOC (31%), Sonangol P&P (19.8%), BP (11.8%) and TotalEnergies (11.8%).
Eni holds a 13.6% interest in Angola LNG, together with CABGOC (36.4%), Sonangol (22.8%), BP (13.6%) and TotalEnergies (13.6%).
The plant is located in Soyo, Province of Zaire.
In March 2022, Eni and BP signed an agreement to form Azule Energy, a joint venture company which will combine both companies’ business in Angola. The Q&M Project will be guaranteed by Azule Energy at the conclusion of the transaction.
