A Q&A regarding the investment in offshore Mozambique happened from the U.S. Embassy Mozambique, one of the keynote speaker of 3rd Deepwater East & Southern Africa Congress 2017 (Mar. 16-17 | Maputo). We extract a passage as below.
Q: Can you tell us about the opportunities for technology transfer and for offshore equipment suppliers?
A: Local companies will initially rely on foreign suppliers for the equipment and the technology necessary to become a local supplier. For the next five years, there will be a demand for compressors, pumps, vessels, filters, transformers, wire and cable, pipeline systems, and welding equipment.
Q: What are the gaps in the local offshore oil and gas market that could be filled by foreign operators and technology providers?
A: Mozambique is an emerging market striving to adopt international business standards. As the country brings its newfound natural gas resources to global markets, it will need investment and technology transfer from foreign entities in every aspect of drilling, liquefaction, distribution, marketing, and selling this resource to world markets.
Q: What are the benefits of doing business in Mozambique?
A: The natural gas discoveries are immense and the quality is good. Its location on the eastern coast of Africa is expected to make it a strategic supplier to emerging markets in India and the Far East where demand is expected to grow for oil and gas.
For more investment opportunities for foreign & local companies, the U.S. Embassy Mozambique and CPI Mozambique will interpret on 3rd Deepwater East & Southern Africa Congress 2017 (Mar. 16-17 | Maputo):
Commercial Counselor U.S. Embassy Mozambique | Godinho Alves Deputy Director General Investment Promotion Centre (CPI), Mozambique |
Get more information about DESAC 2017: http://oceanfuture.mikecrm.com/A9PzF0
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Grazy Lau |OceanFuture Tel: +86 21 5830 0710-8044 Mob: +86 137 9883 3193 Email: grazyl@szwgroup.com Website:www.szwgroup.com/DAC/ | 3rd Deepwater East & Southern Africa Congress 2017, Mar. 16-17, Maputo, Mozambique |
