Chevron Corp. (NYSE: CVX) subsidiary Cabinda Gulf Oil Co. Ltd. (CABGOC) has started producing oil and gas from the Mafumeira Sul Field’s main production facility offshore Angola, according to a Business Wire news release.
The project, located 24 km (15 miles) offshore the Cabinda province in 60 m (200 ft) of water, is designed to handle 150,000 barrels of liquids and 350 million cubic feet of natural gas per day. Early production from the project began in October 2016 through a temporary production system, the release said. Ramp-up to full production is expected to continue through 2018.
With 39.2% interest, CABGOC is the operator, with partners Sonangol E.P. holding 41% interest, Total with 10% and Eni, 9.8%.
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