Chevron aims for daily production of 580,000 barrels of oil this year in Angola

6 January 2010

Cabinda, Angola, 6 Jan – US oil company Chevron expects to achieve daily production of 580,000 barrels of oil this year in Angola, 8.4 percent more than the current figure, a company official recently announced.

“We intend to reach 580,000 barrels a day this year, compared to the nearly 535,000 barrels we were producing last November,” said the company’s production manager for southern Africa, John Baltz, during a visit to the group’s operations in Angola.

This estimate for the group’s Angolan offshore blocs 0 and 14 “may vary depending on maintenance and other factors,” he added.

The other factors include increased production in the Tombua-Landana field, which this month should rise from 17,000 to 30,000 barrels per day.

Tombua-Landana production should hit a maximum of 100,000 barrels per day by late 2011 or early 2012, Baltz said.

The Mafumeira Norte field, which began activity in July 2009, currently produces 30,000 barrels per day and should soon be able to produce 35,000 barrels per day.