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ChevronTexaco Announces First Condensate Production
Sanha Oil Field

On March 1, US-based ChevronTexaco announced that its Angolan subsidiary, Cabinda Gulf Oil Company Ltd., had begun producing condensate from the Sanha Fiel d, which is located about 23 miles off the coast of Cabinda in Block 0. The Sanha condensate complex is the hub for processing natural gas from the surrounding oil production facilities. Wells in the Sanha Field, along with those from neighboring fields, are now producing approximately 6,000 barrels of condensate per day. Condensate is a light, valuable oil.

In addition ChevronTexaco is re-injecting gas into the wells to help maintain reservoir pressure, and to store the gas until it can be delivered to the proposed liquefied natural gas facility. The Sanha complex has the capacity to re-inject 500 million cubic feet of produced gas per day. Re-injection will significantly reduce the routine flaring of natural gas in Block 0.

Production from the Sanha complex, which will include crude oil from the nearby Bomboco Fie Id, is expected to reach its average yearly peak of 100,000 barrels per day of oil, condensate, and liquefied petroleum gas (LPG) by 2007. LPG production is scheduled to begin in the second quarter of2005.
ChevronTexaco is the operator of Block 0, with a 39.2 percent interest. Its partners are Sonangol (41 percent interest); Total (10 percent interest); and Eni Angola Exploration B.V., (9.8 percent interest).

ANIP NEWS

Press-center of Angola Embassy in Russia
04.03.2005

Embassy of Republic of Angola, 2005