Cabinda Gulf Oil begins producing oil at the Landana Norte field, Angola

9 November 2006

San Ramon, United States, 09 Nov – Chevron Corp said Wednesday in San Ramon, California, that its subsidiary Cabinda Gulf Oil had begun producing oil at the Landana Norte oil field, in the Tombua-Landana development area in Angola.

The Tombua-Landana development area is Cabinda Gulf Oil’s third project in deep waters off the coast of Angola.

The project, which includes 46 wells, is situated in bloc 14 some 80 kilometers off the Angolan coast, at a depth of some 370 meters.

Also in bloc 14, Cabinda Gulf Oil and Angolan state oil company Sonangol said at the end of June that production had begun at the Lobito field and, in January, at the Belize field.

Cabinda Gulf Oil is the bloc 14 operator, with a 31 percent stake, while Sonangol, Italy’s ENI and France’s Total have stakes of 20 percent each.

The remaining 9 percent is in the hands of Portugal’s Galp.

Angola is currently the second-largest oil producer in sub-Saharan Africa, with production of 1.4 million barrels per day and its oil reserves are estimated to total 12.5 billion barrels.

Angola’s offshore area is divided into 74 blocs, in shallow, deep and ultra deep waters, of which just 30 are currently in operation. (macauhub)