Chevron to spend $5.6 billion in Mafumeira Sul project
Cabinda Gulf Oil Company Ltd (Cabinda), the Angola subsidiary of the California-based international oil company Chevron Corporation (Chevron) and its partners Sonangol, Total and Eni made the final investment decision (FID) regarding the Mafumeira Sul project.
Located offshore Angola, the Mafumeira Sul project (Mafumeira South) is the expansion of the Mafumeira Norte project (Mafumeira North) already in operation.
– Chevron 39.2% is the operator
– Sonangol 41%
– Eni 9.8%
Today, the production at Mafumeira Norte is exceeding 40,000 barrels of oil equivalent per day (boe/d).
As a result of the successful implementation and start into commercial operations in Mafumeira Norted, Chevron and its partners decided to move ahead with the development of the southern part of the field.
– 110,000 barrels per day (b/d) of crude oil
– 10,000 b/d of liquefied petroleum gas (LPG)
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– Two wellhead platform
– A central production platform
– A compression facility
– A living quarters platform
– 121 kilometers export pipelines
– A flare gas tower
The oil and gas production will be extracted and processed offshore within the complex of five new platforms so that:
– Crude oil will be exported to the Malongo Oil Terminal
– Associated natural gas will be exported to the onshore Angola Liquefied Natural Gas (ALNG) plant located at Soyo in Angola.
In June 2012, Chevron and its partners awarded a $325 million contract to Saipem from Italy in joint venture with the local Sonangol‘s subsidiary Petromar for the Mafumeira Sul offshore engineering, procurement, construction and installation (EPCI) including two packages:
– EPCI3 for the offshore modifications and tie-in work on the Mafumeira Norte platform and the coming Mafumeira Sul platform.
– EPCI4 for the onshore pipeline section between the Mafumeira field and the Malongo Oil Terminal.
The work is to be performed between last quarter 2013 and second quarter 2015.
The Mafumeira field is rich enough of oil and gas in the Block 0 of the area A, so that Chevron and its partners Sonangol, Total, and Eni are already investigating how to expand it further south in new fields in the southern Malongo area.