Cabinda Gulf Oil extends work by Maersk Drilling in Angola’s offshore area

17 October 2014

The Cabinda Gulf Oil Company (CAGOC), a subsidiary of Chevron in Angola, said it has extended its contract with Danish multinational Maersk Drilling for two years to continue operating in the Angolan offshore area.

The estimated US$378 million contract is focused on surveys in ultra-deep waters off the coast of Cabinda, in the Tombua Landana field in block 14.

The operation began in 2002 and will now run until June 2017 with the use of “Maersk Deliverer” semi-submersible rig, the third of a set of semi-submersible ultra deepwater rigs in the fleet operated by Maersk Drilling, which employs more than 4,000 workers across the world.

Angola, the second largest oil producer in sub-Saharan Africa, produces around 1.8 million barrels of oil per day. (macauhub/AO)