Chevron’s subsidiary, Cabinda Gulf Oil Company (CABGOC), has started oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola.
“This milestone supports our priority of completing major projects and improving free cash flow,” said Jay Johnson , executive vice president, Upstream, Chevron Corporation. “The Mafumeira Sul project generates new production and value for Angola, our partners and the corporation.”
Located 24 km offshore Cabinda province in 60 meters of water, Mafumeira Sul is the second stage of development of the Mafumeira field in Block 0.
It has a design capacity of 150,000 barrels of liquids and 350 million cubic feet of natural gas per day. Early production from the project started in October 2016 through a temporary production system. Ramp-up to full production is expected to continue through 2018.
CABGOC is the operator and holds a 39.2 percent interest in Mafumeira Sul. Chevron’s partners are Sonangol E.P. with 41 percent, Total with 10 percent and Eni holding 9.8 percent interest.