ExxonMobil Announces First Oil Production in Angola

Monday, December 10, 2001
Exxon Mobil Corporation announced today its first oil production in Angola with the start-up of the Girassol development in the deepwater offshore area known as Block 17. Girassol, operated by TotalFinaElf, is located approximately 125 miles (200 kilometers) northwest of Luanda in water depths of 4,500 feet (1,350 meters). The development consists of subsea wells tied back to a Floating, Production, Storage and Offloading (FPSO) vessel. The FPSO is capable of processing 200,000 barrels of oil per day and has a two million barrel storage capacity. A total of 39 subsea wells are planned, and drilling is expected to continue until 2003. Commenting on the Girassol start-up, Morris Foster, president, ExxonMobil Development Company, said, "We are pleased to participate in the successful start-up of this world-class development. It is an important milestone with a promising future for ExxonMobil in Angola. Production from this and other developments being planned in Angola will provide significant additions to ExxonMobil's liquids production to meet the world's future energy needs." In August 2001, ExxonMobil announced it had started construction of the largest deepwater development offshore West Africa. The $3 billion world-class Kizomba A project in Angola's Block 15 has recoverable resources of approximately one billion barrels of oil and target production of 250,000 barrels per day. First oil from Kizomba A is scheduled for late 2004. ExxonMobil has a leading position in nearly all the major exploration and production areas in the world. The company is also a leading holder of deepwater acreage in the world's most attractive deepwater regions, including West Africa where it has interests in 19 blocks totaling 18 million gross acres. In Angola, ExxonMobil holds interests in nine offshore deepwater blocks covering 11 million gross acres with a recoverable resource potential of more than 7.5 billion oil-equivalent barrels from its 22 announced discoveries. ExxonMobil's subsidiary, Esso Exploration Angola (Block 17) Limited, has a 20 percent interest in the Girassol development with co-venturers TotalFinaElf E&P Angola (operator, 40 percent), BP (16.67 percent), Statoil (13.33 percent), and Norsk Hydro (10 percent). Participants in Block 15 are Esso Exploration Angola (Block 15) Limited (operator, 40 percent), BP Exploration (Angola) Limited (26.67 percent), Agip Angola Exploration B.V. (20 percent) and Statoil Angola Block 15 AS (13.33 percent). Sonangol is the concessionaire for both blocks.
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

ERMA Bullish on Ballast Water Treatment

After having delivered several BWTS systems in Kita Nihon shipyard in Japan, one more ERMA FIRST BWTS was successfully installed onboard the Bulk Carrier M/V SCARABÉ(DWT: 60,

Conrad Announces Management Team Changes

Conrad Industries, Inc. announced the appointment of Scott J. Theriot as Executive Vice President and Chief Operating Officer.   Johnny Conrad, President and Chief Executive Officer,

Anglo-Eastern Signs Turbocharger Maintenance Deal

MAN PrimeServ Turbocharger, part of MAN Diesel & Turbo’s service division, has signed a Premium Turbocharger Maintenance Contract with Anglo-Eastern Ship Management.

Offshore

IMO Adopts Polar Code Environmental Provisions

United Nations' International Maritime Organization (IMO) has adopted the environmental part of the Polar Code. Hereby, internationally binding regulations on

Two Hurt in Petrobras Platform Accident; Output Halted

Brazil's state-led oil company Petrobras was forced to stop output at its P-56 offshore oil production ship on Wednesday in the Marlim Sul field after an explosion

Dynamic Positioning Training Center Launched in Shanghai

C-MAR, an international marine and offshore services provider, and the Shanghai Maritime University (SMU) has officially launched the Dynamic Positioning training

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1415 sec (7 req/sec)