Chevron greenlights $5.6B Mafumeira Sul project offshore Angola
6 February 2013
Chevron Corporation’s Cabinda Gulf Oil Company Limited subsidiary will proceed with the development of the Mafumeira Sul project located offshore Angola.
Located 15 miles (24 km) offshore Cabinda province in 200 feet (60 m) of water, the Mafumeira Sul project is the second stage of development of the Mafumeira Field located in Block 0. The project scope includes 50 wells, two wellhead platforms, a central processing and compression facility and approximately 75 miles (121 km) of subsea pipelines.
|Location of Block 0 concession. Click to enlarge.|
Once online in 2015, the project will build to a production capacity of 110,000 barrels of crude oil and 10,000 barrels liquefied petroleum gas per day. Associated natural gas will be commercialized through the Angola Liquefied Natural Gas (ALNG) 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 barrels of oil a day. Chevron produces 340,000 barrels of oil and condensate (108,000 net) from Block 0.
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