RBR Group Limited reports a significant uptick in tender opportunities exceeding US$80 million following the restart of major LNG projects in Mozambique, alongside steady contract revenues and ongoing infrastructure investments.
- Tender opportunities exceed US$80 million post Force Majeure lift
- Completed $230k maintenance contract at Sasol-Temane gas project
- Ongoing development of Shankara Village camp and training facilities
- FuturoSkills and Field Ready JV advancing LNG workforce training
- Convertible notes totaling $1.4 million remain outstanding
Mozambique LNG Projects Restart Sparks Tender Surge
RBR Group Limited has positioned itself at the forefront of a revitalised LNG construction boom in Mozambique, following the pivotal lifting of Force Majeure declarations by Total Energies and Exxon Mobil. These announcements have unlocked a pipeline of tender opportunities valued at over US$80 million, spanning labour services, training, and camp accommodation.
The Mozambique LNG (Area 1) and Rovuma LNG (Area 4) projects, located in the Cabo Delgado province, are now poised to resume construction pending final government approvals. This development signals a renewed phase of activity for service providers like RBR, which has already lodged multiple Expressions of Interest and formal tenders across the project spectrum.
Contract Wins and Operational Progress
During the December quarter, RBR’s subsidiary Projectos Dinamicos (PD) successfully completed a maintenance and upgrade contract at the Sasol-Temane gas project, generating $230,000 in revenue. This contract underscores the group’s operational capabilities and foothold in Mozambique’s energy infrastructure sector.
Meanwhile, RBR continues to invest in its Shankara Village development near Temane, enhancing camp accommodation and training facilities. These upgrades include securing training and hospitality licences, which support the group’s expanding role in workforce readiness and accommodation services for LNG project personnel.
Training and Workforce Development Initiatives
RBR’s FuturoSkills subsidiary, in joint venture with Field Ready, is advancing training programs tailored to LNG industry requirements, focusing on safety and operational readiness. Discussions with Exxon representatives have confirmed initial course rollouts under existing contracts, with ambitions to extend training services beyond Mozambique into Guinea, pending reactivation of prior agreements.
Additionally, the group is tendering for payroll management services for Exxon Mobil’s workforce, highlighting its integrated approach to labour deployment and administration within the LNG value chain.
Financial Position and Funding Outlook
RBR reported cash inflows of $302,000 this quarter from contract revenues, payroll services, and rental income, while directing capital towards infrastructure expansion at Shankara. The company maintains $332,000 in cash reserves and has $1.4 million in outstanding unsecured convertible notes, with repayments underway and scheduled maturity in September 2026.
While the tender pipeline presents promising growth prospects, final contract awards remain contingent on government approvals and project timelines. RBR’s strategic positioning in Mozambique’s LNG sector, combined with its diversified service offerings, suggests a potentially transformative period ahead.
Bottom Line?
With Mozambique LNG projects restarting, RBR Group’s tender pipeline and operational momentum set the stage for a critical growth phase; pending government approvals and contract awards.
Questions in the middle?
- When will Mozambique’s government grant final approvals to unlock full project funding?
- Which tenders will RBR secure from the $80 million pipeline, and on what timelines?
- How will convertible note repayments impact RBR’s liquidity and investment capacity?