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%.
Recommended Reading
Canadian Railway Companies Brace for Strike
2024-04-25 - A service disruption caused by a strike in May could delay freight deliveries of petrochemicals.
Enterprise’s SPOT Deepwater Port Struggles for Customers
2024-04-25 - Years of regulatory delays, a loss of commercial backers and slowing U.S. shale production has Enterprise Products Partners’ Sea Port Oil Terminal and rival projects without secured customers, energy industry executives say.
Report: Crescent Midstream Exploring $1.3B Sale
2024-04-23 - Sources say another company is considering $1.3B acquisition for Crescent Midstream’s facilities and pipelines focused on Louisiana and the Gulf of Mexico.
For Sale? Trans Mountain Pipeline Tentatively on the Market
2024-04-22 - Politics and tariffs may delay ownership transfer of the Trans Mountain Pipeline, which the Canadian government spent CA$34 billion to build.
Energy Transfer Announces Cash Distribution on Series I Units
2024-04-22 - Energy Transfer’s distribution will be payable May 15 to Series I unitholders of record by May 1.