MOZAMBIQUE – The Petroleum Projects and Technical Consultations Company (PETROJET), an Egyptian Company, has secured a deal of manufacturing and supplying deepwater equipment for Mozambique’s mega liquefied natural gas (LNG) project.
According to the country’s petroleum ministry, Petrojet was tasked by US-based oilfield services provider Baker Hughes to manufacture 700 tons of equipment, including well-jumpers equipment.
Petrojet’s instrumentation will be installed by Baker Hughes in the Indian Ocean’s deepwater, around 40 kilometres off Mozambique’s Cabo Delgado. Petrojet had established in recent years a representative office in Mozambique capital of Maputo to follow up on recent LNG projects in the area.
This is the first offshore business by Petrojet in East Africa, the statement said, adding that it comes under the company’s efforts to achieve its strategy for business in promising areas, especially Mozambique, Tanzania, Uganda and Kenya.
Mozambique’s LNG project، the first onshore LNG plant in the country, aims to drive foreign direct investments to the impoverished country.
Approximately 65 trillion cubic feet (the equivalent of 12-billion-barrel oil field) of recoverable natural gas were discovered in Offshore Area, according to French energy major Total. The Total led project aims to deliver the first production of LNG in 2024.
Mozambique is on its way to becoming a top ten liquefied natural gas (LNG) supplier. The southern African nation, which has more than 125 trillion cubic feet (tcf) of natural gas reserves, has been touted as the next great LNG player and is making full use of its potential as it looks at rivaling top African LNG producers.
Mozambique’s total output is about 90,000 barrels of oil equivalent per day of natural gas and condensate from the Pande-Temane Project, an onshore gas discovery and the country’s only generating area.
Anadarko and Eni are the two companies that discovered Mozambique’s potential of more than 125 tcf of natural gas reserves (75 tcf in block Area 1 and 50 tcf in Area 4) in the ultra-deepwater Rovuma Basin, however, they are not the only companies attempting exploration activities. ExxonMobil, Qatar Petroleum and China National Petroleum Corp (CNPC) are also competing for control over Mozambican LNG.