africa commodities Economy FID Gas Mozambique Natural Resources

Mozambique: Gas production in Mamba camp to start by 2024 – ENI

ENI’s CEO Claudio Descalzi on Friday said that gas production in the Mamba oil field in northern Mozambique, should start by 2024 since Exxon is to take the final investment decision after the summer.

“The Mamba project [which involves Portuguese oil company Galp] is managed by Exxon [consortium leader], we work on the upstream [oil and gas exploration and production] of the project, and Exxon should take the final investment decision after the summer,” said Descalzi, when asked by Lusa about the review that Mozambique’s government is doing to this offshore project in the Cabo Delgado province.

At a press conference after the presentation of the oil strategy for the next three years, which took place on Friday in Milan, Descalzi said he expects the production to start by 2024.

Asked about whether the attacks in the north of the country could affect these deadlines, Descalzi said he was optimistic about the current situation, considering that the government’s intervention had improved the situation.

“We are not there [on site] but we are concerned about our colleagues at Exxon and Anadarko,” Descalzi said.

“The government took strong initiatives, also through dialogue, to create a more peaceful environment, and there have been no more attacks.”

The Rovuma LNG project, in the Mamba reservoir, is operated by Mozambique Rovuma Venture, a joint venture whose shareholders are ExxonMobil, Eni and CNODC – China National Oil and Gas Exploration and Development Corporation, which jointly holds a share of 70% in the concession of Area 4, with three 10% holdings by Korea’s Kogas, Galp Energia and Mozambique’s Empresa Nacional de Hidrocarbonetos – ENH.

Source:  Lusa via Club of Mozambique

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