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Chevron Achieves First Oil in Angola Field Ahead of Schedule

This summer, Chevron Corporation announced that its subsidiary, Cabinda Gulf Oil Company Ltd. (CABGOC), and its partners have commenced crude oil production from the Mafumeira Norte project ahead of schedule. Located about 15 miles (24 km) offshore Angola in 160 feet (49 m) of water, the Mafumeira Norte project lies in Area A Block 0 of Chevron's Mafumeira Field. The project is in the first phase of development and is being commercialized through fourteen wells to the existing Kungulo water injection platform. Chevron reports that the project is expected to reach maximum total production of 30,000 barrels of crude oil and 30 million cubic feet of natural gas per day in 2011.

Having reaching first oil ahead of schedule, Chevron is enthusiastic about the project's latest achievement in a major producing area. "Production from Mafumeira Norte is an exciting milestone for Chevron and its partners in terms of bringing new energy supplies onto the world market and providing benefits to Angola," said Ali Moshiri, president of Chevron Africa and Latin America Exploration and Production.

The engineering, procurement, construction, and installation contract for the Mafumeira Norte platform was awarded to Sonamet (Lobito). This was the first such contract awarded to Sonamet, a joint venture between Sonangol and Acergy. The platform was completed at Sonamet's Lobito yard in southern Angola.

Chevron, through its subsidiary CABGOC, is the operator of the Block 0 contractor group and holds a 39.2 percent interest, alongside SONANGOL P&P (holding 41 percent) , Total (holding 10 percent), and ENI (holding 9.8 percent).

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