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Agbami field achieves first oil

Offshore staff

SAN RAMON, California -- Crude oil production has begun from the
Agbami field, offshore Nigeria.

First oil from the field was achieved on July 29 from an FPSO vessel.
Initial production is expected to be more than 100,000 b/d and is
projected to increase to 250,000 b/d of oil and natural gas liquids by
the end of 2009, the company says.

The Agbami field, discovered in 1998, is the largest deepwater discovery
in Nigeria and is estimated to hold potentially recoverable volumes of
900 MMbbl, according to operator Chevron.

07/31/2008

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