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Sunset At Bintulu, Sarawak

Mozambique

ExxonMobil in Mozambique

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.

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