Eni, TotalEnergies, BP, Others take FID on Gas Project in Angola.
Eni, TotalEnergies, BP, CABGOC, a subsidiary of Chevron, and Angola’s state-owned Sonangol have taken Final Investment Decision (FID) on Quiluma and Maboqueiro (Q&M) gas fields in Angola, which are expected to produce 4 billion cubic meters per year by 2026 when production will begin.
“Eni and its Partners in the New Gas Consortium (NGC), Chevron’s affiliate in Angola Cabinda Gulf Oil Company Limited (CABGOC), Sonangol P&P, bp and TotalEnergies, together with Angola’s National Agency for Oil, Gas and Biofuels ANPG”, have taken the “Final Investment Decision (FID) for the development of the Quiluma and Maboqueiro (Q&M) fields,” Eni said in a statement.
According to TotalEnergies, the project is the first non-associated natural gas project developed in Angola. Gas produced from the Quiluma and Maboqueiro offshore fields will supply the Angola LNG plant, improving Angola’s LNG production capacity and the availability of domestic gas for the country’s industrial development.
“With the NAG1 (Non-Associated Gas 1) project, we will contribute to the country’s industrial development and enable Angola, from 2026, to increase its LNG production and to contribute to the security of supply of Europe and Asia,” said Chairman and CEO of TotalEnergies, Patrick Pouyanné.
Eni is the operator with 25.6 percent, Chevron (31%), Sonangol P&P (19.8%), bp (11.8%), and TotalEnergies (11.8%).
