ExxonMobil Reinforces Commitment to Mozambique with $20M Local Content Investment

ExxonMobil has invested over $20 million in Mozambique’s local content development since 2017 and plans to deepen its commitment through upcoming projects, according to Armando Afonso, Public & Government Affairs Manager, ExxonMobil Mozambique.

Speaking at the Invest in African Energies: Mozambique Roundtable, hosted by the African Energy Chamber and the Mozambique Energy Chamber, Afonso emphasized the country’s growing opportunities in the oil and gas sector, reinforcing ExxonMobil’s focus on local partnerships and economic growth.

Afonso pointed to Mozambique’s strategic location, its vast reserves in Area 4, and the low-emissions profile of the Rovuma LNG project as key factors driving the company’s long-term investment strategy. He also highlighted the potential for integrating renewable energy sources such as solar, wind, and hydrogen production within the project.

“With the ramp-up of the Rovuma LNG project, our impact on local content will continue to grow, creating opportunities across the entire economy,” he stated. “Even though we are not yet in production, we have already positioned ourselves as a leader in local content with our Primary Center training local SMEs and our supplier portal enabling local businesses to register and partner with us.”

Valerio Parasiliti Parracello, Exploration Manager at Eni Mozambique, also underscored the country’s growth potential, noting that while Eni currently produces from only six wells at the Coral South project, further expansion opportunities exist.

“With Coral North and onshore projects, we see great potential to expand our portfolio and production in Mozambique,” he said.

Christelle Demars, Geoscience & Reservoir Manager for TotalEnergies’ Mozambique LNG Project, emphasized the high-quality gas resources in the Rovuma Basin as a major attraction for the company.

“In just one area, we have 65 trillion cubic feet of gas, which will unlock enormous opportunities for Mozambique,” she stated.

She added that TotalEnergies remains committed to supplying gas to the local market as part of its agreement with the government and local content development strategy.