By OGJ editors
HOUSTON, Jan. 5 -- ChevronTexaco Corp.'s Angolan subsidiary, Cabinda Gulf Oil Co. Ltd. (CABGOC), started oil production from Bomboco field in Block 0, off Cabinda. Bomboco, which is expected to produce 30,000 bo/d in the next year, is part of CABGOC's Sanha condensate project.
The Sanha processing facilities first received condensate from surrounding fields last month. First gas injection is expected later this month. Condensate production from Sanha field is slated for early first quarter. The Sanha floating production, storage, and offloading vessel is to begin extracting LPG early in the second quarter.
Estimated peak production of 100,000 b/d of oil and LPG from both Sanha and Bomboco fields is expected in 2007.
Jim Blackwell, managing director of ChevronTexaco's Southern Africa Strategic Business Unit, said the Sanha project will reduce gas flaring on Block 0 by 50%.
Operator CABGOC holds 39.2% interest in the block. It partners interests are Sonangol 41%, Total 10%, and Eni Angola Exploration BV 9.8%.
