(EnergyAsia, February 20 2013, Wednesday) — US major Chevron Corp said it has decided to proceed with the US$5.6 billion development of the giant offshore Mafumeira Sul field in Angola.

Due to start up in 2015, Mafumeira Sul is expected to eventually peak at a daily production rate of 110,000 barrels of crude oil and 10,000 barrels of liquefied petroleum gas. Associated natural gas will be commercialised through the Angola Liquefied Natural Gas (ALNG) plant in Soyo, Angola.

Subsdiary Cabinda Gulf Oil Company Limited subsidiary will lead a consortium to undertake the second stage development of the field located 24 km off Cabinda province in 60 m of water. The project scope includes 50 wells, two wellhead platforms, a central processing and compression facility and approximately 121 km of subsea pipelines.

George Kirkland, Chevron’s vice chairman, said:

“This decision demonstrates our commitment to further developing opportunities in Angola where Chevron has a leading position and further adds to our strong queue of major capital projects under development.”

Ali Moshiri, president of Chevron Africa and Latin America Exploration and Production Company, said:

“When completed, this project is expected to grow the company’s production capacity in the Mafumeira field. This development builds off the success of the Mafumeira Norte project and our strong track record of developing other major capital projects in the region.”

Chevron’s Cabinda Gulf Oil Company is the operator with a 39.2% interest in Mafumeira Sul. Its partners are Sonangol E.P. (41%), Total (10%) and ENI (9.8%).

Chevron started up Mafumeira Norte in 2009 in the project’s first stage development. The field currently produces more than 40,000 b/d of oil a day.