Natalia Camba, local content manager from the country’s National Petroleum Institute, was speaking at the opening of Subsea Expo about a trio of projects off the country’s coast which have attracted a combined $54bn of investment (£42bn).
Mozambique’s oil and gas sector remains in its “infancy”, with hopes to attract UK expertise to further develop the industry.
Ms Camba said there are “opportunities everywhere” for suppliers, with the Rovuma Basin so far being assessed to have 165 trillion cubic feet of gas in place.
The region has two projects already in development: the $8bn Coral field which is due to begin production in 2022 and the $23bn Golfinho/ Atum field.
Meanwhile the third, the $23.6bn Rovuma LNG project, is due for final approval in the first quarter of this year and will produce 15 million tonnes of liquefied natural gas per year.
Source:http://bit.ly/2uGf8vR
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