Gas production in the Mamba oil field in Northern Mozambique will commence by 2024. This was made known by Chief Executive Officer, ENI Claudio Descalzi who explained that ExxonMobil was left to make the final investment decision after the summer.
According to Club of Mozambique, he explained that “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”.
Reacting to whether or not the attacks in the north of the country could affect the deadlines, he said he was optimistic about the current situation, considering that the government’s intervention had improved the situation. He also expressed concerns over colleagues at Exxon and Anadarko.
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.