Maputo, 07 Aug (AIM) – The US oil and gas company ExxonMobil, which leads the construction and operation of future natural gas liquefaction and related facilities for the Area 4 deep water block off the Cabo Delgado coast, has selected the SMDC joint venture for midstream engineering procurement and construction contract.
The Rovuma LNG project – which is operated by Mozambique Rovuma Venture (MRV), a joint venture owned by ExxonMobil, the Italian energy company ENI, and CNPC of China – is expected to deliver approximately 150 billion dollars in revenues to Mozambican State over its 30-year operating life.
The SMDC joint venture consists of Saipem S.p.A, McDermott Energy Solutions (UK) Ltd., Daewoo Engineering & Construction Co. Ltd., and China Petroleum Engineering & Construction Corporation. The joint venture brings extensive global experience in the engineering, procurement, and construction of liquefied natural gas (LNG) facilities.
In a statement, ExxonMobil explained that the work supports continued project definition and planning activities as the Area 4 partners progress toward a Final Investment Decision (FID) in 2026.
According to Johanna Boothey, ExxonMobil manager in Mozambique, “the selection of our onshore EPC contractor is an important milestone advancing the Rovuma LNG project.”
“We will continue to work with the Government of Mozambique and our partners toward FID and to maximize the long-term benefits this project can deliver to the people of Mozambique”, he added.
The Rovuma LNG Project onshore development is expected to include 12 modular liquefaction modules with total production capacity of 18.6 million tonnes of LNG per year, with start-up anticipated in 2031. The project represents one of the largest private investments in Mozambique’s history.
Additionally, the Rovuma LNG project, the project could add around 11 billion dollars annually to Mozambique’s Gross Domestic Product, and employ more than 150,000 people, according to a macroeconomic study released by Standard Bank.
Am/
