ExxonMobil awards $1.1 billion in contracts for Mozambique LNG

Investing.com -- ExxonMobil awarded approximately $1.1 billion in pre-investment contracts for upstream equipment related to the Rovuma LNG Phase 1 project in Cabo Delgado, the company said Monday.

The U.S. oil company issued the contracts on behalf of Area 4 partners, which include Mozambique's Empresa Nacional de Hidrocarbonetos, China National Petroleum Corp, Italy's Eni (BIT:ENI), Korea Gas Corp and Abu Dhabi National Oil Co's XRG.

The contracts cover subsea production systems, large-bore production valves and offshore line pipe. The awards aim to advance the project toward a final investment decision.

OneSubsea UK and OneSubsea AS received the largest contract for engineering, procurement, fabrication and manufacturing of subsea production systems, controls and umbilicals. Aker Solutions Mozambique will support in-country work.

Additional suppliers include Advanced Technology Valve, Corinth Pipeworks, Sumitomo Corporation of America and Zhejiang Jiuli Hi-Tech Metals.

ExxonMobil lifted force majeure on the Rovuma LNG project in November after halting operations in 2021 due to security concerns in the southern African country.

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