VENTURES AFRICA – Global oil major ExxonMobil has disclosed that its Esso Angola unit had started oil production from the Kizomba Satellites project located 150 kilometres off the Angolan coast.
According to a Reuters report, the initial phase of the US-based oil group’s project was expected to produce 100,000 barrels of oil per day, and recover a total of about 250 million barrels from the Mavacola and Clochas fields, offshore of Angola.
In 2008, ExxonMobil launched phase one of the Kizomba satellite project, which includes the development of two satellite discoveries, Clochas and Mavacola. The two fields, which are estimated to contain 254 million barrels of oil will be tied back to Kizomba A and B production facilities.
The development consortium is operated by ExxonMobil’s subsidiary Esso Exploration Angola, which has a 40% stake in the field. Other co-venturers in the oil block include BP Exploration (Angola) Ltd and Eni Exploration Angola.