Wednesday, August 29, 2018

ExxonMobil Moves Forward with Mozambique Natural Gas Project


A graduate of the University of Cape Town with a master of laws, Peter Stokes serves as chairman of Concord Equity. Peter Stokes is also the chairman of Concord Training, which has established a presence in Pemba, northern Mozambique to provide safety training to the mining and maritime sectors and the growing oil & gas industry. 

Concord Training, and its Mozambique subsidiary Concord Offshore Plus Limitada, is anticipating and is prepared for the increase in demand for training that will come with the new gas fields that are under development in Mozambique, and in particular ExxonMobil’s new project in the area.

ExxonMobil is partnering with Eni, CNODC, ENH, Kogas, and Galp to produce and liquefy natural gas from the offshore gas fields in Area 4, which is located near Cabo Delgado off the coast of northern Mozambique. ExxonMobil has begun marketing for the project and is in the process of securing sales and purchase agreements, which the company expects to lead to final investment decision in 2019. 

ExxonMobil will lead construction and operation of liquefaction trains and related onshore facilities for the Rovuma LNG project, while Eni Rovuma Basin will lead upstream developments and operations.

The new project will not only provide affordable energy to customers but also bring long-term economic benefits to the people of Mozambique.