Italian oil and gas company Eni and its New Gas Consortium (NGC) partners, together with the Angolan concessionaire and regulator, the National Oil, Gas and Biofuels Agency, have reached a Final Investment Decision (FID) for the Angola gas project at Quiluma and Maboqueiro (Q&M).
With activities scheduled to start this year and first gas expected in 2026, the Q&M gas project comprises two offshore ‘wellhead’ platforms, an onshore gas processing plant and a connection to the Angola Liquefied Natural Gas (LNG) plant, with an expected production rate of four billion cubic metres of gas per year.
The gas from the Q&M project will facilitate the reliable flow of gas to the Angola LNG platform and allow the country to tap into underdeveloped energy sources, thereby promoting continued socio-economic development.
The NGC is composed of operator Eni (25.6%); the Angolan subsidiary of multinational energy company Chevron, Cabinda Guld Oil Company Limited (31%); Sonangol P&P (19.8%); BP (11.8%) and TotalEnergies (11.8%).
08/05/2022
