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    Xikomba development gets underway

    News // July 5, 2002
    Exxon Mobil Corporation announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso), has started construction of the Xikomba deepwater development offshore West Africa. The Xikomba field in Angola's Block 15 was discovered in 1999 and has estimated recoverable resources of approximately 100 million barrels of oil with a target production of 80,000 barrels per day.

    Located in the northwest corner of Angola Block 15, about 230 miles northwest of Luanda, the project will develop the Xikomba discovery in water depths of 4,000-5,000ft. The Xikomba development project will consist of nine subsea wells tied back to a Floating, Production, Storage and Offloading (FPSO) vessel. In order to accelerate the start-up of production, the company is utilizing an Early Production System which entails leasing the purpose built FPSO for this development. First oil is scheduled forlate 2003, making it the first oil production on Esso-operated Block 15.

    Commenting on the announcement, Morris Foster, president, ExxonMobil Development Company, said, "The Xikomba project development is an example of our ability to bring new discoveries into production quickly." He added, "The deployment of an Early Production System provides us further flexibility in future developments and demonstrates our capacity and commitment to develop global energy resources in a safe, environmentally sound, cost-effective and timely manner."

    The Xikomba project includes the award of contracts and subcontracts to Angolan companies to provide in-country fabrication, logistics support, training, and development and employment of Angolan nationals. These contracts support sustained growth in Angolan capacity and expertise to support future oil and gas developments.

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