Exxon Mobil has set another benchmark by producing oil in the Liza field located offshore Guyana in record time. Production from the first phase of the field is anticipated to reach full capacity of 120,000 barrels of oil per day.Texas/USA - Exxon Mobil has announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments.Production from the first phase of the Liza field, located in the Stabroek Block, is expected to ...
Under the sale and purchase agreement, Total plans to hold 50 % interest in Block 20/11 and 80 % interest in Block 21/09 located in the Kwanza Basin, offshore Luanda. With the acquisitions, Total intends to create a new production hub in the region.Paris/France - Total has recently signed a sale and purchase agreement with state-owned Sonangol of Angola to acquire interests in Blocks 20/11 and 21/09 in the Kwanza Basin, offshore Luanda.Subject to the approvals of the competent authorities and partners:" The Group will hold a 50 % working interest, alongside Sonangol (20 %) and BP ...