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    Saipem Signs $150M Maintenance Contract for Mozambique’s Coral Sul FLNG

    Saipem has been awarded a contract by Coral, Special Purpose Entity incorporated in Mozambique by Area 4 Partners (Eni as Delegated Operator, ExxonMobil, CNPC, GALP, KOGAS, and ENH), for maintenance services of the floating facility Coral Sul FLNG (Floating Liquefied Natural Gas) for liquefied natural gas offshore Mozambique. The contract will cover a period of around nine years with one optional year.

     

    Coral Sul FLNG is an innovative and sustainable liquefied natural gas floating facility constructed to produce natural gas from the Rovuma Basin, located approximately 250 km Northeast of Pemba and 50 km from the Mozambique coast. It is the first FLNG facility operating in ultra-deep waters, connected to an underwater system at a depth of around 2,000 meters.

    The contract is worth approximately 150 million USD with a duration of around 9 years, plus one optional year. The activities cover maintenance of the entire FLNG facility and onboard supervision as well as the creation of an onshore logistical base.

    The award of this new service contract confirms Saipem’s presence in the liquefied natural gas segment, within the scope of the diversification of the project portfolio, and strengthens its positioning in a strategic country such as Mozambique.

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