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Project LNG

ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities for the deepwater Area 4 block.

Overview

ExxonMobil is the largest publicly traded oil and gas company in the world, and we are also one of the largest oil and gas producers in Africa.

We have operated in Africa for more than 100 years and since 2006 we have committed more than $46 billion dollars to investments here in Africa, including projects in Nigeria, Angola and many other countries.

ExxonMobil has a large workforce based in Africa with more than 3,300 employees on the continent and we are proud to say that more than 90 percent of them are nationals.

As a company, we are committed to safe and responsible energy production through the use of advanced technology and rigorous operational standards.

ExxonMobil announced on Dec. 13, 2017 the completion of its acquisition of a 25 percent indirect interest in offshore Area 4.

ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities, while Eni will continue to lead the Coral floating LNG project and all upstream operations.

The deepwater Area 4 block contains more than 85 trillion cubic feet of natural gas, which will provide resources for a world-class LNG project in which the partners expect to invest tens of billions of dollars.

ExxonMobil and its partners are jointly optimizing development plans and determining key milestones such as final investment decision (FID) and startup timing accordingly.

Co-venturers

The co-venturers include: Eni, CNODC, Galp, Kogas and ENH.

Our guiding principles

Energy is essential to improving people’s quality of life. Essential to economies. Essential to mobility. Essential to improving health and education. ExxonMobil has a responsibility to provide affordable, reliable energy. It’s a responsibility we take seriously. But we can’t stop there. There’s a dual challenge facing our industry: meeting growing demand for energy, while at the same time reducing environmental impacts – including the risks of climate change. It’s a challenge our industry must help solve. ExxonMobil is committed to doing our part.

Innovation enables us to invest in high-quality opportunities to enhance our asset portfolio. Our relentless focus on operational excellence enables us to get the most out of each and every facility, every hour, every day.

A safe company is a well-run company. Achieving safe and environmentally responsible operations across a global enterprise requires a significant commitment from everyone at all levels of the organization. Success in safety is the result of a disciplined, rigorous approach, which also helps drive more reliable operations and improves financial results.

Our global LNG position is unmatched in the industry. We have interest in 17 LNG trains around the world, with net interest capacity of 22 million tonnes annually. Our entry into the deepwater Area 4 block offshore Mozambique, containing an estimated 85 trillion gross cubic feet of natural gas in-place, was also completed in 2017. This resource will support an ExxonMobil-led, multi-train LNG development, with potential capacity ultimately exceeding 40 million tonnes per year.

Economic benefits

We work to contribute to the economic and social development of the countries in which we operate. We believe local content – the added economic and social value brought to a host nation through the activities of the oil and gas industry – provides shared value to ExxonMobil and to local communities.

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