Chevron Starts Production at Mafumeira Sul Offshore Angola
March 08 2017 - 7:36AM
Business Wire
Chevron Corporation (NYSE:CVX) announced today that its
subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has
commenced oil and gas production from the main production facility
of the Mafumeira Sul project offshore Angola.
“This milestone supports our priority of completing major
projects and improving free cash flow,” said Jay Johnson, executive
vice president, Upstream, Chevron Corporation. “The Mafumeira Sul
project generates new production and value for Angola, our partners
and the corporation.”
Located 15 miles (24 km) offshore Cabinda province in 200 feet
(60 m) of water, Mafumeira Sul is the second stage of development
of the Mafumeira Field in Block 0. It has a design capacity of
150,000 barrels of liquids and 350 million cubic feet of
natural gas per day. Early production from the project commenced in
October 2016 through a temporary production system. Ramp-up to full
production is expected to continue through 2018.
CABGOC is the operator and holds a 39.2 percent interest in
Mafumeira Sul. Chevron's partners are Sonangol E.P. (41 percent),
Total (10 percent) and ENI (9.8 percent).
Chevron Corporation is one of the world’s leading integrated
energy companies. Through its subsidiaries that conduct business
worldwide, the company is involved in virtually every facet of the
energy industry. Chevron explores for, produces and transports
crude oil and natural gas; refines, markets and distributes
transportation fuels and lubricants; manufactures and sells
petrochemicals and additives; generates power; and develops and
deploys technologies that enhance business value in every aspect of
the company’s operations. Chevron is based in San Ramon, Calif.
More information about Chevron is available at www.chevron.com.
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Chevron CorporationIsabel Ordóñez, Houston, +1-713-372-1841
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