A commercial lawyer by training, Peter Stokes serves as co-founder and chairman of Concord Equity. In his position at Concord Equity, Peter Stokes facilitates debt and equity investments in private companies across the consumer debt, maritime, insurance, and oil and gas industries. In his role as Chairman of Concord Training, which operates safety training academies in southern Africa serving the oil & gas, mining, construction and maritime industries, he has been instrumental in establishing a training facility in Pemba, Mozambique. The facility has been established to meet the growing need for training following ExxonMobil’s financing of its Rovuma liquefied natural gas (LNG) project in Mozambique, Africa.
The Rovuma LNG project, a joint venture between ExxonMobil and other energy companies, seeks to tap into the estimated 85 trillion cubic feet of natural gas in Area 4 block, offshore Mozambique. The project will entail developing reservoirs in the area, constructing and operating liquefaction trains, and establishing upstream developments and operations. Other companies involved in the project include Eni, ENH, CNODC, and Kogas.
Ultimately, the joint venture will deliver affordable gas energy to customers, creating economic value for Mozambique and the companies involved. As a first step, co-venturers have to find a market for the gas.
On June 27, 2018, ExxonMobil management said the company was furthering marketing efforts for the natural gas. They stated that active negotiations were underway with some existing buyers of the co-venturers, with the eventual goal of signing sale and purchase agreements. Once commitments are signed, ExxonMobil can confidently make a final investment decision, which the firm expects to reach in 2019.
It is anticipated that by this time next year ExxonMobil will likely be the biggest mover regionally.
This increased activity drives demand for safety training in the region for people working in the oil & gas industry in both construction and operations both on-shore and offshore. Concord Offshore Plus, Concord Training Limited’s Mozambique subsidiary is a first mover having established its first Concord Safety training facility in Mozambique in 2015 in Pemba, and is well positioned to provide this training and meet growing demand.
The Rovuma LNG project, a joint venture between ExxonMobil and other energy companies, seeks to tap into the estimated 85 trillion cubic feet of natural gas in Area 4 block, offshore Mozambique. The project will entail developing reservoirs in the area, constructing and operating liquefaction trains, and establishing upstream developments and operations. Other companies involved in the project include Eni, ENH, CNODC, and Kogas.
Ultimately, the joint venture will deliver affordable gas energy to customers, creating economic value for Mozambique and the companies involved. As a first step, co-venturers have to find a market for the gas.
On June 27, 2018, ExxonMobil management said the company was furthering marketing efforts for the natural gas. They stated that active negotiations were underway with some existing buyers of the co-venturers, with the eventual goal of signing sale and purchase agreements. Once commitments are signed, ExxonMobil can confidently make a final investment decision, which the firm expects to reach in 2019.
It is anticipated that by this time next year ExxonMobil will likely be the biggest mover regionally.
This increased activity drives demand for safety training in the region for people working in the oil & gas industry in both construction and operations both on-shore and offshore. Concord Offshore Plus, Concord Training Limited’s Mozambique subsidiary is a first mover having established its first Concord Safety training facility in Mozambique in 2015 in Pemba, and is well positioned to provide this training and meet growing demand.
