Mozambique: $30b Invested for 2018 LNG Export
More than $30 billion will be invested initially in Mozambique's natural gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas (LNG), with the first exports due to start in 2018, the national oil company said. The investments will be made to develop the northern ports of Pemba and Palma, where a giant logistics base and LNG production plants are planned that will use gas produced from offshore fields in the Rovuma Basin being developed by U.S. oil major Anadarko Petroleum Corp and Italy's Eni. Mozambique, which still bears the scars of a 1975-1992 civil war, is hoping revenues from its large gas deposits and its fledgling coal mining industry will help it emerge from years of poverty and dependence on foreign donors.
GEO Shipyard Delivers Seismic Vessel
As noted elsewhere in this issue, evidence abounds of a pickup in oil and gas exploration, drilling and production. The latest example is the delivery of a seismic vessel to a company that was incorporated in 2003 specifically for geophysical work. The company is Global Geophysical Services, Inc., of Houston, Texas. The company went to Geo Shipyard, New Iberia, La. for a 70 x 22-ft. catamaran-style seismic source vessel. "In the past, we specialized in seismic boats and our company name is derived from our concentration on geophysical vessels," said David LeCompte, president of the company. The vessel is equipped with a pair of large compressors enabling it to operate air guns that gather seismic data from the Gulf of Mexico.
