The head of drilling and extraction of oil company ExxonMobil is due to meet with Mozambican officials between Thursday and Friday in Maputo, after the US company said it would continue its presence in the African country.
A source from the Mozambican government said that Liam Mallon will meet with leaders of the mineral resources and energy sector, and there is also a possibility that he will be received by President, Filipe Nyusi.
Mallon heads ExxonMobil Upstream Oil & Gas and has led other areas, such as the Africa division and project development.
ExxonMobil executive chairman Darren Woods said on Friday that the company remains committed to the natural gas exploration project in Mozambique, despite the slippage in the timelines of the final investment decision.
"I wouldn't put a lot of faith in the market rumours that you hear," Woods said during a conference call with analysts, quoted by financial news agency Bloomberg, following a Wall Street Journal report pointing to a reassessment of the project by oil company management due to environmental and financial return concerns.
"There's a lot of people talking. Most of them don't have a good understanding of the discussions that we're having." Darren Woods added, while admitting there had been a "slippage" regarding the final investment decision (FID) of the onshore liquefaction project in Afungi – the FID being the moment from which the investment is practically irreversible.
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