Italian oil company bullish on prospects, citing its reserves, technological know-how, strong and committed team, track record and government support.
Galp
Analysts predict reserves may be as high as 450 billion cubic metres, making the country one of the world’s biggest exporters.
Analysts estimate sale could raise 700 million euros, which could be earmarked for low-carbon projects.
Project, first of its kind in deep waters off Africa, expected to produce 3.4 million tonnes of natural gas annually, which will be sold to BP.
With a capacity of 3.4 million tons of liquefied gas per year, the FLNG unit will be used to produce gas from the Rovuma Basin’s Area 4.
