The $33bn project will develop Area 4 of the offshore natural gas field Rovuma Basin, which has a capacity of up to 15 trillion cubic feet of natural gas located off the coast of Mozambique. The partners will be responsible for the construction of two natural gas production trains with a total capacity of 15.2 million tonnes a year, and related onshore facilities.
Fluor Energy & Chemicals business group president Mark Fields said: “Fluor is pleased to have been selected for this strategic development and to partner with a team that combines considerable LNG expertise and design build capabilities on the African continent.
“We worked closely to develop the project model that builds upon each party’s strengths and capabilities to partner with MRV to advance this landmark project in a safe, secure and sustainable manner creating new opportunities for Mozambique and its citizens.”
CNPC owns a 70% stake interest in the Area 4 exploration and production concession contract, while Galp, Kogas and Empresa Nacional de Hidrocarbonetos each hold a 10% interest. The team responsible for the project will be located in Farnborough, UK; Paris, France and Yokohama, Japan.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Separately, the Government of Mozambique and the Exxon Mobil lead consortium announced an initial investment decision for the LNG project, paving way for the partners to invest more than $500m in the initial construction phase of the Rovuma LNG project. A final investment decision is expected in 2020.
In July 2018, MRV submitted the Rovuma LNG Phase I offshore Mozambique development plan to the government.