Mozambique Oil and Gas A presentation for Subsea Expo 2018 Helio - - PowerPoint PPT Presentation

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Mozambique Oil and Gas A presentation for Subsea Expo 2018 Helio - - PowerPoint PPT Presentation

Nov 26, 2022 272 likes •443 views

Mozambique Oil and Gas A presentation for Subsea Expo 2018 Helio Cumbi, Head DIT Mozambique February, 2018 Mozambique 2 Afungi Facts Text goes here Economic Overview Low income country Third fastest-growing Population 28.8 ml

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Mozambique Oil and Gas

A presentation for Subsea Expo 2018 Helio Cumbi, Head DIT Mozambique February, 2018

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Mozambique

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Afungi

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Facts

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Global rankings World Bank Doing Business 138/190

(Mauritius: 25; Tanzania: 137; Angola 175:)

Corruption Perceptions Index 142/176

(Botswana: 35; Kenya: 145; Nigeria: 136)

Human Development Index 181/185

(South Africa 119; Tanzania: 151; Eritrea: 179)

Economic Overview Population 28.8 ml *Nominal GDP $11.01 bn GDP Growth 2017 3.1 % *GDP per capita $382 Annual inflation rate YoY 5.65% *Poverty ratio 54.7 % --

  • Low income country
  • Third fastest-growing

population in Africa

  • 500,000 people

become of employable age every year

  • Lowest 10%

education outcomes in the world

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Oil and gas sector snapshot

Mozambique leading on CAPEX for announced projects $46.7bn, US $44.4bn, Australia $28.8bn 185 TCFs discovered

Could make Mozambique 3rd largest exporter in the world

2010 Discoveries made in Area 1 and Area 4 5th bid round awarded 2015, EPCCs to be signed Q2 Sasol $1.4 bn expansion. Only producing oil and gas project Aberdeen-Pemba MOU to be signed next week

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MAP

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Sasol Area 1 and Area 4

  • 1 producing block –

Sasol

  • Rovuma Basin - big gas

discovery

  • Area 1 consortium – 75

TCF

  • Area 4 consortium –

85TCF EPCC contracts to be signed in Q2

  • Angoche (2)
  • Zambezia (2)
  • Pande & Temane (1)
  • Palmeira (1)
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People and leadership

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President Nyusi meeting with Anadarko in Houston

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People and leadership

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Ernesto Max Tonela: new Minister for Mineral Resources and Energy

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Decision makers

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Successes

  • Floating LNG

Area 4 led by Eni reached final investment decision for their FLNG project in June 2017. Two major contracts EPCIC and Subsea production systems were awarded to British companies. TechnipFMC headquartered in London and BHGE working out of their Aberdeen base.

  • Exxon bought into Area 4 making them joint operator and will take

lead on onshore development

  • Area 1 - Moving ahead slowly..
  • Domestic Gas Projects approved

Afungi Gas To Liquids - Shell Fertilizer – Yara Gas to power

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Challenges

  • Institutional capacity
  • Infrastructure
  • Access to finance
  • Security
  • Local content?
  • Government coordination (top down messages have not

reached implementers)

  • Bureaucracy and ease of doing business
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Aberdeen Pemba MOU + HMG

  • To be signed on 15th February
  • Cooperation on economic growth, education and business

support

  • Local government and Minister for Energy to attend
  • O&G mini-conference, engagement with local businesses
  • MAGTAP
  • SOGA + JOBA
  • Chevening
  • Doing business
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From this..

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To this!

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Thank you!

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East Africa HVC Team Mozambique Team John Crawford – Regional Director, Joanna Kuenssberg – High Phil Haymes – Specialist, O&G Team Commissioner Helio Cumbi – Head DIT Calum McCallum – East Africa HVC Inayah Sultan – Trade Lead Officer DIT

Contact: Helio Cumbi, Head of DIT – Mozambique Mobile: +258 821403636 Email: helio.cumbi@trade.gov.uk

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