Anadarko to splash $770 million on exploration, Mozambique LNG

By LNG World News Offshore Mozambique (Image: Anadarko)Woodlands-based Anadarko on Tuesday said it would spend about $770 million this year into its liquefied natural gas (LNG) development in Mozambique and the company’s deepwater and international exploration program.
The U.S. oil and gas company expects its initial capital budget for 2017 to be between $4.5 billion to $4.7 billion, compared with $3.3 billion in 2016.
Anadarko said it plans to invest about $120 million this year into the multi-billion dollar Mozambique LNG project where it has made “good progress” on the legal and contractual framework, and recently submitted a development plan to the Government of Mozambique for

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