12 °c
London
Sunday, July 3, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Over US$9B to be spent on Mozambique’s upstream capex over next 3 years

FurtherAfrica by FurtherAfrica
March 7, 2018
in Africa, Commodities, Economy, Energy, Finance, Gas, Mozambique, Natural Resources
Reading Time: 1 min read
1.8k 116
0
Angola: World Bank makes available US$70M for local development
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

GlobalData expects that an average capital expenditure (capex) of $3bn per year will be spent on eight oil and gas fields in Mozambique between 2018 and 2020. Capital expenditure on Mozambique’s oil and gas projects will add up to $9.1bn over the three-year period to the end of 2020.

Ultra­-deepwater projects will be responsible for over 65% of upstream capex in Mozambique, or $6.2bn by 2020. Deepwater projects will account for 25% of upstream capex with $2.3bn by 2020, while onshore projects will require $600m in capex over the period.

GlobalData expects that Eni and Exxon Mobil will spend the most in Mozambique, each investing $1.4bn into the country’s upstream projects by 2020. China National Petroleum Corporation will follow with $1.1bn investment into its Mozambique projects between 2018 and 2020.

Top ten companies by upstream capex in Mozambique, 2018 – 2020

Source: GlobalData Upstream Analytics
Source: GlobalData Upstream Analytics

Coral South Project, a planned ultra-deepwater conventional gas field, will lead capital investment with $4.3bn to be spent between 2018 and 2020. Eni East Africa is the operator for the field. Golfinho-Atum Complex, a deepwater conventional gas field in the Rovuma Basin, follows with a capex of $2.3bn. Anadarko Mozambique Area 1, Limitada is its operator. Gas from both projects will be marketed as liquefied natural gas.

GlobalData reports the average remaining capex per barrel of oil equivalent (capex/boe) for Mozambique projects at $6. Deepwater projects have the highest remaining capex/boe at $6.80, followed by onshore and ultra–deepwater projects with $5.90 and $5.80 respectively.

Source: Offshore Technology

Related

Tags: Anadarkocapexcapital expenditureChina National Petroleum CorporationCoral SouthdeepwaterENHENIExxon MobilGalpGasGolfinho-Atum ComplexLNGMitusiMozambiqueOil and gasrovumaSasolモザンビーク莫桑比克
ScanSendShare776Tweet485Share136Pin175Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Weekend

Travel – The top sushi restaurants in Kenya

by FurtherAfrica
July 2, 2022
Weekend

20 international footballers vacationing in Africa

by See Africa Today
July 2, 2022
Travel

Uganda Airlines wins big with landing rights in China

by See Africa Today
July 2, 2022
Empowerment

63 year old lady farmer in Ghana wins WOFAGRIC Awards

by Farmers Review Africa
July 2, 2022
Agriculture

African youth consider agriculture unattractive – Experts

by The Exchange
July 1, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Weekend

Travel – The top sushi restaurants in Kenya

by FurtherAfrica
July 2, 2022
0

Restaurants specialising in sushi in Kenya are spreading all over the country. There are plenty of Japanese restaurants where you...

Read more

20 international footballers vacationing in Africa

July 2, 2022

Uganda Airlines wins big with landing rights in China

July 2, 2022

63 year old lady farmer in Ghana wins WOFAGRIC Awards

July 2, 2022

African youth consider agriculture unattractive – Experts

July 1, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,549 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...