ExxonMobil Begins Construction of Project Offshore

Thursday, May 02, 2002
Exxon Mobil Corporation has announced that its subsidiary, Mobil Equatorial Guinea, Inc. (MEGI), has awarded contracts and started construction to expand current production of the Zafiro field, offshore Equatorial Guinea. First production from the new $900 million project is scheduled for September 2003. The Zafiro field, located on Block B, is approximately 40 miles (65 kilometers) northwest of Malabo in water depths of 1,400-2,800 feet (425-850 meters). The new development, known as the Zafiro Southern Expansion Area, will utilize an early production system and recover about 150 million barrels of oil. The development consists of subsea wells tied back to a Floating, Production, Storage and Offloading (FPSO) vessel. The FPSO is capable of processing 110,000 barrels of oil per day and has about two million barrels of storage capacity. A total of 19 subsea wells are planned, and drilling is expected to continue until 2004. Commenting on the Zafiro expansion project, Morris Foster, president, ExxonMobil Development Company, said, "The start of construction activities marks an important milestone in commercializing the vast resources in the southern area of the Zafiro field. Production from this field will significantly enhance the strong performance of the Zafiro area and add to the overall production in country. As the largest producer in Equatorial Guinea, this new project demonstrates ExxonMobil's continuing commitment to Equatorial Guinea and the West African Region and will add to ExxonMobil's liquids production to meet the world's future energy needs."

Production from the Zafiro field began in August 1996. Current facilities include a fixed platform, a floating production unit, a floating storage and offloading unit and both platform and subsea wells. Production from the existing development is currently about 150,000 barrels of oil per day. 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 Equatorial Guinea, ExxonMobil holds interests in two offshore deepwater blocks covering one million gross acres.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Sandra Weakens to Tropical Storm off Mexico's Coast

Hurricane Sandra weakened to a tropical storm on Friday and was expected to continue losing strength as it approached Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said.

Extended Warranty from Yanmar for Sailboat Engines

Yanmar Marine International B.V. has introduced an extended 3 years’ period of YANMAR Limited Warranty for Sailboat Engine Models. This extended warranty of

Fugro's Havila Harmony to join MH370 Search

Fugro is providing an additional vessel, the Havila Harmony, to join the search for the missing flight MH370 in the southern Indian Ocean. From the 93-metre multi-role vessel,


Canada to Aid Developing Nations Fight Climate Change

Canada will provide aid to developing countries to combat climate change, Prime Minister Justin Trudeau announced on Friday ahead of talks on global warming,

Gates to Launch Mega Clean Tech Initiative

Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative on Monday, the opening day of the U.N. climate change summit in Paris,

Extended Warranty from Yanmar for Sailboat Engines

Yanmar Marine International B.V. has introduced an extended 3 years’ period of YANMAR Limited Warranty for Sailboat Engine Models. This extended warranty of

Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.0803 sec (12 req/sec)