Sanha Field to be Producing 100,000bpd by 2007

ChevronTexaco expects production from its Sanha oilfield in Angola to reach 100,000 barrels per day by 2007, a senior official at its subsidiary CABGOC said on Monday. Sanha, in Block 0 off the coast of the northern province of Cabinda, is expected to come onstream in December 2004 with officials estimating an initial output of 7,000 barrels per day. A facility to produce liquefied petroleum gas (LPG) is slated to start production in 2005. Taking oil, condensate and LPG into account, the field is expected to reach a combined annual average production rate of 34,700 bpd in 2005.

"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.