Early start for Kizomba B

Offshore staff

Exxon Mobil Corp. started production on Kizomba B offshore Angola five months ahead of schedule. The company estimates that the field contains 1 Bbbl of recoverable oil, and hopes to produce 250,000 b/d.

Kizomba B is the third field to begin production in the block. The Kizomba B project is virtually identical to the Kizomba A development, including a tension leg platform (TLP) tied back to an FPSO.

Both unit development costs for Kizomba A and B have record lows for projects of this size and complexity, with the second field costing 3.5 billion to bring into production.

Able to store up to 2.2 million barrels, theKizomba B FPSO lies 322 km off Angola and produces the Kissanje and Dikanza discoveries in 1,010 m of water. Exxon Mobil operates the block with 40% interest. Partners include Statoil with 13.3%, BP with 26.67%, and ENI with 20%.

07/20/05