Following completion of initial pre-conditions, including commercial approval from lenders and project shareholders, it is intended that Petrofac will engineer, procure, and construct the facilities and take a leading role in the operation of the project, using its training and developmental capacities to maximise the involvement of local skills and resources. The proposed project will involve the construction of approximately 400km of pipeline with a current design basis for approximately 3.5bn li/yr a year linking into an existing refined products system; the refurbishment and construction of tankage; and improved loading capabilities in Matola; and new tankage in the Nelspruit area. Petroline comprises a consortium of South African and Mozambican shareholders which is made up of Petroleos de Mocambique, Gigajoule International (Pty) Ltd, Companhia de Desenvolvimento de Petroleo de Mocambique, and WOESA Consortium (Pty) Ltd. The consortium has established Petroline Holdings (Pty) Ltd, Petroline RSA (Pty) Ltd, and Petroline. These entities have been awarded the South African license and the Mozambican concession for the project. Under the MOU, Petrofac will acquire a 25 +1% share interest in the project. Petrofac is a leading international provider of facilities solutions to the oil and gas production and processing industry, with a diverse customer portfolio including many of the world's leading integrated, independent, and national oil and gas companies. Through its three divisions, the company designs and builds oil and gas facilities; operates, maintains, or manages facilities and trains personnel; and, where return criteria are met and service revenue synergies identified, co-invests with clients and partners.
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