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Anadarko names June 18 for FinaI Investment Decision on Mozambique LNG project
Petroleum giant says it expects to give official go-ahead, paving way for RBR to provide labour, skills assessment and training services to theproject
RBR Group(ASX: RBR) is pleased to advise that Anadarko Petroleum Corporation stated publicly last night that it expects to announce a Final Investment Decision (FID) for the Mozambique LNG Project on June 18, 2019.
“With commitments for financing in place,off-takesecured and all other issues under negotiation successfully addressed, we are excited to take the next step with the expected announcement of a Final Investment Decision (FID) for the Mozambique LNG project on June18,” Anadarko Petroleum Corporation Chairman and Chief Executive Al Walker said in a joint statement with Mozambique President Felipe Nyusi.
“Mozambique LNG is among the most significant projects that our company or any other has undertaken, given the scale of the project, size of the resource, and the potential long-term transformational benefits it represents for Mozambique.
“We look forward to celebrating the official sanctioning of Mozambique LNG on June 18.”
In the statement, Mr Nyusi said: “We expect June18 will become a historic day in Mozambique as we announce that one of the most important and transformational projects in our country’s history is ready to advance to the next stage”.
The statement said allissues under negotiation between the Government of Mozambique and Anadarko had been resolved satisfactorily.
RBR Chairman Ian Macpherson said the comments from Mr Walker and MrNyusi marked a crucial step in RBR’s strategy to supply skills assessment, training and labour to Mozambique’s LNG construction industry.
“More than 50,000 workers will be needed to build the planned LNG projects,” Mr Macpherson said.
“We have the largest database of workers in Mozambique, we have the pre-requisite labour licence and we are a fully-accredited training organisation in line with the project’s requirements.
“This leaves us ideally positioned to be a key provider of the assessment, training and labour needed for these projects.
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