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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
Text goes here
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: [email protected]
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