UUOAUnnecessary Use Of Acronym
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The UUOA, developed in close collaboration with the 11 concessionaires, represents a fair agreement for all parties involved in the two areas.
Under the terms of the UUOA and previously announced Decree Law, the Prosperidade and Mamba straddling natural gas reservoirs, which comprise the Unit, will be developed in a separate but coordinated manner by the two operators until 24 trillion cubic feet (Tcf) of natural gas reserves (12 Tcf from each Area) have been developed.
A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including the receipt of final approval of the UUOA from the Government of Mozambique, the ability of Anadarko and the Government of Mozambique to finalize the legal and contractual framework relating to the MOU, and Anadarko's ability to successfully plan, secure necessary government approvals, finance, build, and operate the necessary infrastructure and LNG park.