Exxon plans additional oil drilling in Angola

by PegNews wire

ExxonMobil's oil field will be called Kizomba C.

IRVING — Exxon Mobil Corporation announced today that its subsidiary, Esso Exploration Angola Limited, has started production from the Kizomba C development, designed to develop 600 million barrels of oil from the Mondo, Saxi and Batuque fields in approximately 2,400 feet of water more than 90 miles off the coast of Angola.

Mondo production is anticipated to plateau at a peak rate of 100,000 barrels a day, and plateau production from the three fields (Mondo, Saxi and Batuque) is anticipated to reach a total of 200,000 barrels a day. The Kizomba C development includes two floating production, storage, and offloading (FPSO) vessels and 36 subsea wells making it the largest subsea development operated by ExxonMobil affiliates worldwide.

"The startup of Kizomba C is another important step in our work with Sonangol to develop Angola’s significant petroleum resources. Through timely and cost-efficient development of this important resource, we were able to provide additional volumes to meet the world’s ever-growing energy demand," said Mark Albers, senior vice president of Exxon Mobil Corporation. "This project is another example of our commitment to strengthen local business capability and integrate it with our deepwater execution experience and capabilities in a manner that maximizes the value of the resource for our shareholders and the Angolan government."

Source: ExxonMobil