"We expect production from the Sanha Condensate complex to reach 100,000 barrels per day by 2007," an official from the Cabinda Gulf Oil Company Limited said. In 2007, 30 percent will be LPG, 30 percent oil, and 40 percent condensate.
As part of the $2 billion project, ChevronTexaco is building a LPG FPSO facility and a pipeline which will eventually get rid of the need to flare or burn the gas, a by-product of the extracted oil. The company aims to cease flaring completely in Block 0 by 2007.
Angola is sub-Saharan Africa's second largest oil producer behind Nigeria. It already produces some 900,000 bpd with this expected to rise to 1.6 million bpd or more over the next five years as a new generation of blocks come on stream.
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