ExxonMobil Begins Production from Zafiro Expansion Area

ExxonMobil has started production from the Southern Expansion Area (SEA) of the Zafiro field, offshore Equatorial Guinea.

The SEA project, utilizing a Floating Production, Storage and Offloading (FPSO) vessel and subsea well infrastructure, is expected to recover more than 150 million barrels of oil. Production through the FPSO is expected to add about 110,000 barrels of oil per day to current Zafiro production, increasing the total field capacity to 300,000 barrels of oil a day.

"The Zafiro expansion project is the second deployment of ExxonMobil's Early Production System (EPS) offshore West Africa and another example of our leadership in project management and execution. By utilizing an EPS we were able to bring the project on-stream in just 19 months," said Morris Foster, president, ExxonMobil Development Company.

ExxonMobil's continued investment in hydrocarbon development and in the community provides direct and indirect economic benefits and opportunities for the development and employment of nationals in construction, drilling and production operations.

The Zafiro field, located on Block B, is approximately 40 miles (65 kilometers) northwest of Malabo in water depths of 1400-2800 feet (425-850 meters). Production from the Zafiro field began in August 1996.

Participants in Block B are ExxonMobil's subsidiary, Mobil Equatorial Guinea, Inc. (operator, 71.25 percent), Devon Energy Corporation (23.75 percent), and the Government of Equatorial Guinea (5 percent).

ExxonMobil is the largest oil producer in Equatorial Guinea, operating two blocks covering approximately 1.2 million acres offshore the island of Bioko.