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Desperate anxieties over 2007

LogoDaily Independent Online.         * Tuesday, August 24, 2004.

ExxonMobil begins production from Kizomba field

By Chuks Isiwu,

Energy Editor, Lagos

 

ExxonMobil Corporation subsidiary, Esso Exploration Angola (Block 15) Limited has begun field production from the $3.4 billion Kizomba A project off Angola. Estimated recoverable resources from Kizomba A total one  billion barrels (bbl) of oil.  Kizomba A, 370 kilometres northwest of Angola's capital, Luanda, will develop the Hungo and Chocalho discoveries in water 1,000-1,280 metres deep.  Esso expects to achieve a production rate of 250,000 b/d, producing from a tension leg platform tied to a floating production, storage and offloading system, having a 2.2 million bbl storage capacity.

Kizomba A is the second of three developments in Block 15 that are expected to cost a total of $10 billion. Xikomba came on stream last November while Kizomba B, which will develop the Kissanje and Dikanza discoveries, will come on stream in early 2006. Planning and design for the Kizomba C project also are underway. Collectively, they are intended to develop more than 2.5 billion bbl of oil.  ExxonMobil and its coventurers have announced 17 discoveries on Block 15, which has the potential to recover about 4.5 billion barrels of oil equivalent (boe).

 Block 15 participants are operator Esso 40 per cent, BP Exploration (Angola) Limited, 26.67 per cent, ENI Angola Exploration BV 20 per cent and Statoil Angola 13.33 per cent. Sociedade Nacional de Combustiveis de Angola (Sonangol EP), the national oil company of Angola, is the concessionaire.

 

 
 

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