Mozambique Oil and Gas Report - Business Monitor International - Industry Reports

Mozambique Oil and Gas Report

Mozambique Oil and Gas Report - Business Monitor International - Industry Reports
Mozambique Oil and Gas Report
Published Aug 20, 2016
97 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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The success of Mozambique s fifth licensing round, in the face of a broader industry downturn, shows increased confidence in the country s petroleum sector and a commitment to tap its rich gas resources. Exploration and development will proceed slowly, however, awaiting export projects to materialise and a recovery in oil and gas prices.In June ----, ExxonMobil was reportedly in talks to buy stakes from Eni and Anadarko s offshore block. The interest from Exxon reaffirms increased confidence that the offshore projects will go ahead and could help accelerate the projects should it materialise given the experience of Exxon with large-scale LNG projects. In February ----, the Government of Mozambique s Council of Ministers approved Eni s development plans for its Coral floating liquefied natural gas (FLNG) development. ...The timing of the onshore LNG terminal is increasingly uncertain, with low global oil and LNG prices likely to cause delays to an FID on the project. In addition, the absence of supporting infrastructure and

...� Business Monitor International Ltd Page - logistical challenges will slow LNG plant development post FID. We have pushed back first onshore LNG production by one year, from ---- to ----, to account for the mounting risks. ...All subsequent development of the gas fields will be pursued jointly by the Area - and Area - concessionaires through a --:-- joint venture operator Anadarko and Eni. � The gas pipeline proposed to run from north east Mozambique to South Africa is at high risk of cancellation or delay, as neither the domestic Mozambique market nor the targeted South African market has sufficient gas demand to support project economics. Supporting our view, SacOil postponed the signing of the JV for the pipeline as of mid-----. ...� In late May ----, the company reported it started drilling of the first development well. Thirteen production wells will be drilled (including a water disposal well) during this initial phase, while oil and

...Large offshore appraisal campaigns by both Anadarko and Eni have come to an end. It is, however, still unclear how much of the reserves will be booked as proven reserves. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Mozambique Oil and Gas Report" Aug 20, 2016. Alacra Store. Apr 20, 2018. <>
Business Monitor International - Industry Reports. (2016). Mozambique Oil and Gas Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Apr 20, 2018 from <>
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