Africa Oil & Gas: Angola adds 150,000 barrels per day to its oil production

opec-cut-oil-production

Chevron has just started drilling for oil in the Mafumeira Sul field

The Cabinda Gulf Oil Company, the Angolan subsidiary of US group Chevron has started drilling for oil in the Mafumeira Sul field, in Block 0, which has the capacity to produce 150,000 barrels per day, said state oil company Sonangol.

Located 24 kilometres from the coast of Cabinda province and 60 metres deep, Mafumeira Sul is the second development phase of the Mafumeira field in Block 0, with daily production capacity of 150,000 barrels of oil and 350 million cubic metres of natural gas.

The extracted oil will go to the company’s Malongo Terminal and natural gas will be transported to the company’s Angola LNG processing plant along the Congo River Gorge pipeline.

The operator of Block 0 is the Cabinda Gulf Oil Company, with a 39.2% stake. The remaining partners are Total (10%), ENI (9.8%) and Sonangol E&P with 41%. (source: macauhub)

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