Chevron to pursue Mafumeira Sul offshore Angola oil development
Chevron Corp.’s (NYSE:CVX) Cabinda Gulf Oil Co. Ltd. will go forward with the Mafumeira Sul development offshore Angola.
SAN RAMON, California – Chevron Corp.’s (NYSE:CVX) Cabinda Gulf Oil Co. Ltd. will go forward with the Mafumeira Sul development offshore Angola. The project includes design, fabrication, and installation of five platforms.
Located 15 miles (24 km) offshore Cabinda province in 200 ft (60 m) of water, the $5.6 billion Mafumeira Sul project is the second stage of development of the Mafumeira field in block 0. Theproject scope includes 50 wells, two wellhead platforms, a central processing and compression facility, and approximately 75 miles (121 km) of subsea pipelines.
Mafumeira Sul is expected to reach first oil in 2015 and build toward peak total daily production of 110,000 b/d of oil and 10,000 bbl of liquefied petroleum gas. Associated natural gas will be commercialized through the Angola Liquefied Natural Gas plant in Soyo, Angola.
Chevron's subsidiary is the operator and holds a 39.2% interest in Mafumeira Sul. Chevron's partners are Sonangol E.P. (41%), Total (10%), and ENI (9.8%).
Mafumeira Norte, the initial development of the Mafumeira Field, achieved first oil in 2009 and currently produces more than 40,000 b/d of oil.