Production at Angola’s Marimba North field starts

Oct 26, 2007 02:00 AM

StatoilHydro said that production at the Marimba North field in block 15 off the Angolan coast where StatoilHydro has a 13.33 % interest, has begun.
According to operator ExxonMobil, Marimba North will produce 80 mm barrels of oil. The goal is to produce 40,000 barrels of oil per day at peak production.

"ExxonMobil has completed the project as planned, both with respect to costs, schedule and not least a very good safety record," says Petter Henrik Oyen, asset manager for block 15.
"In the years ahead, Marimba will fill available processing capacity at Kizomba A and is the first of a number of satellites we expect to be developed in the block 15. Production from Angola is very important for StatoilHydro."

Production, which comes from subsea wells, is tied back to the Kizomba A installation in the block. The field has been developed with a tension leg platform (TLP) and tied back to one of the world's biggest floating production, storage and offloading (FPSO) vessels, Kizomba B.
Block production also comes from Kizomba B and Xikomba. In total 540,000 bpd will be produced with the operator estimating recoverable reserves to be 2 bn barrels of oil.

ExxonMobil has a 40 % interest in block 15. In addition to StatoilHydro, the other partners are BP with a 26.67 % interest and ENI with 20 %.
The Angolan national oil company Sonangol is block concessionaire.

Source: Dow Jones & Company
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