Italyeni.com/en-IT/operations/mozambique-rovuma-venture.html
Mozambique Rovuma Venture S.p.A. (MRV) is a joint venture of ExxonMobil, Eni, and China National Petroleum Corporation (CNPC). The company holds a 70% participating interest in Offshore Area 4 in the Rovuma Basin, Mozambique, on behalf of the Area 4 co‑venturers.
MRV’s role is to develop and monetize significant offshore natural gas resources through liquefied natural gas (LNG) projects. This includes support for the Coral South floating LNG development (operated by Eni) and the planned Rovuma LNG onshore project (to be operated by ExxonMobil), supplying LNG to global markets. The remaining Area 4 partners—Galp, KOGAS, and Mozambique’s national oil company ENH—each hold a 10% interest.
chemXplore tracks 1 project involving MRV, of which one is active.
MRV's role on them: Owner.
1 new construction.
Contractors are recorded on this project For subscribers
Targeting: Natural gas (1)
LOI covers preliminary engineering, procurement and technical services worth about €11m for upstream offshore scope; final EPCI award depends on FID and government/regulatory approvals expected in 2026.
Order intake €12.7bn raised backlog to €25bn; H1 revenue €3.7bn and EBITDA €212m after provisions; Project Delivery margin guidance reduced for 2026.
Coral Norte FLNG will produce ~3.6 Mtpa, doubling the Coral hub to 7 Mtpa and placing Mozambique among Africa’s top three LNG producers.
Coral Norte, Mozambique's second FLNG, progresses with proven design, enhancing efficiency and LNG capacity, following Coral Sul's success.
Coral North FLNG hull launched in South Korea, doubling Mozambique's LNG output by 2028, enhancing efficiency, and boosting local economy and job creation.
The Coral North FLNG project in Mozambique aims to boost LNG production to over 7MTPA by 2028, enhancing economic growth and job creation.
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