DelaDonnell585: Created page with 'Partners in the Chad-Cameroon oil development project Monday reported first oil operations and the startup of pipeline fill activities. Once central treating facilities and d…'

DelaDonnell585 — Wed, 04 Apr 2012 11:02:46 GMT

Created page with 'Partners in the Chad-Cameroon oil development project Monday reported first oil operations and the startup of pipeline fill activities. Once central treating facilities and d…'

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Partners in the Chad-Cameroon oil development
project Monday reported first oil operations and the startup of
pipeline fill activities.
Once central treating facilities and drilling operations
are completed, the $3.5 billion project is expected to reach oil
production of 225,000 b/d, project partner ChevronTexaco Corp.
said.
The pipeline, which was completed a year ahead of schedule,
will transport oil more than 660 miles from Bolobo, Miandoum, and
Kome oil fields, near Doba in Chad, through eastern Cameroon, and
on to an export terminal facility at Kribi, Cameroon, in the Gulf
of Guinea. From there, oil will be shipped to a floating storage
and offloading vessel 7 miles offshore for export.
Partners in the project are ExxonMobil Corp. unit Esso
Exploration & Production Chad Inc., operator with 40%,
ChevronTexaco 25%, and Malaysian oil company Petronas 35%.
Construction on the project began in October 2000, pipeline
installation began in 2001 in parallel with construction of oil
field processing facilities, and first drilling of the planned
300 wells started in late 2001 (OGJ Online, Oct. 19, 2000).
ExxonMobil said that the project is expected to produce for
Chad an economic development value of $2.5-8.5 billion over its
life, depending on oil price volatility.

[http://umscoltd.com Cameroon oil]

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DelaDonnell585: Created page with 'Partners in the Chad-Cameroon oil development project Monday reported first oil operations and the startup of pipeline fill activities. Once central treating facilities and d…'