Angola: Oil firms announce start of production in Saxi and Batuque fields

14 August 2008

Luanda, Angola, 14 Aug – Sonangol and ExxonMobil, through its Esso Exploration Angola (Block 15) subsidiary, have announced the beginning of production in the Saxi and Batuque fields as part of the development process of the Kizomba C project.

Jornal de Angola reported that the Kizomba C undertaking began in January, 2008 with the coming on-stream of the Mondo field, predicting total production from the three fields in the project (Mondo, Saxi and Batuque) will reach 200,000 barrels per day at the end of 2008.

The Kizomba C development project was designed to produce a total 600 million barrels during the working lives of the three fields, located about 145 kilometers off the Angolan coast at a depth of around 800 meters.

Kizomba C includes two floating production, storage and offloading (FPSO) vessels and 36 sub-sea wells, the biggest development by an ExxonMobil affiliate worldwide.

Nearly US$ 1.5 billion was invested in the Kizomba C project on local goods and services, including contracts for construction, logistical support and training of Angolan personnel.

Esso Exploration Angola (Block 15) is the operator of Block 15 with a 40 percent stake in the venture in partnership with BP Exploration (Angola) Ltd (26.67 percent) and ENI Angola Exploration (20 percent) and Statoil Angola Block 15 (13.33 percent), with Sonangol as concessionaire. (macauhub)