Chevron Overseas (Congo) Limited commences oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.
Chevron Corp. announced Monday that its subsidiary, Chevron Overseas (Congo) Limited, has commenced oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.
Situated 65 miles offshore in approximately 3,000 feet of water, Lianzi is Chevron's first operated asset in the Republic of Congo and the first cross-border oil development project offshore Central Africa. The project is expected to produce an average of 40,000 barrels of crude oil per day, according to a Chevron statement.
Jay Johnson, executive vice president upstream at Chevron Corporation, commented in a company statement:
"This milestone demonstrates that we continue to make steady progress on delivering major development projects. We have the industry's strongest queue of major capital projects that are expected deliver significant value and production growth."
Ali Moshiri, president of Chevron Africa and Latin America Exploration and Production Company, said in a Chevron statement:
"As the first offshore energy development spanning national boundaries in the Central Africa region, Lianzi represents a unique cooperative approach to share offshore resources and may serve as a model for the development of similar cross-border fields between two countries."
Discovered in 2004, Lianzi includes a subsea production system and a 27 mile electrically heated flowline system, which is the first of its kind at this water depth. Chevron Overseas (Congo) Limited is operator of the field with a 15.75 percent interest. Cabinda Gulf Oil Company Limited has a 15.5 percent interest, Total E&P Congo holds a 26.75 percent interest, Angola Block 14 BV holds a 10 percent interest, as does Eni S.p.A. and Sonangol P&P, SNPC (the Republic of Congo National Oil Company) holds a 7.5 percent interest and GALP holds the remaining 4.5 percent interest.
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