ExxonMobil flows production at Kizomba satellites ahead of schedule

ExxonMobil Corp. announced that its subsidiary, Esso Exploration Angola Ltd., has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project offshore Angola.

Offshore staff

IRVING, Texas –ExxonMobil Corp. announced that its subsidiary, Esso Exploration Angola Ltd., has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project offshore Angola.

The project is a subsea infrastructure development of the Kakocha, Bavuca, and Mondo South fields using the capabilities of existing block 15 facilities to increase current production levels without requiring additional FPSOs.

Mondo South is the first field to begin production, and the other two satellite fields are expected to start-up in the coming months. The field is being developed with tiebacks to theMondo FPSO, while the Kakocha and Bavuca fields are being developed with tiebacks to the Kizomba B FPSO.

Mondo South will develop around 190 MMbbl of oil with peak production currently estimated at 70,000 b/d. The project is expected to increase total daily block 15 production to 350,000 bbl.

ExxonMobil was awarded block 15 in 1994 and, to date, has discovered a total of approximately 5 Bboe. Oil production from block 15 to-date has exceeded 1.8 Bbbl. Kizomba Satellites Phase 1 started production in 2012.

Operator Esso Angola has a 40% interest in block 15. Other co-venturers include BP Exploration Angola Ltd., with 26.67%, Eni Exploration Angola BV, with 20%, and Statoil Angola Block 15 AS, with 13.33%. Sonangol is the concessionaire.

04/30/2015

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