Why Is SLB (SLB) Expanding Its LNG Footprint With A Mozambique Subsea Win?

SLB (NYSE:SLB) said its OneSubsea joint venture won a contract from ExxonMobil for the Rovuma LNG project in Mozambique. The award covers subsea production systems for the first phase of Rovuma LNG, a deepwater gas development offshore Mozambique. OneSubsea plans to establish a services base in Mozambique under the deal, supporting long term field operations and local capacity. The ExxonMobil Rovuma LNG subsea contract for OneSubsea could reshape SLB's offshore LNG footprint, so it needs...