PDF《Angola Fact Sheet》

Angola Fact Sheet | May

2015 Angola Fact Sheet |

1 www.

chevron.com ?

2015 Chevron Corporation. All rights reserved. Angola Fact Sheet Highlights of Operations Chevron operates in Angola through its subsidiary Cabinda Gulf Oil Company Limited, and we rank among the country'

s top petroleum producers. We are investing billions of dollars in major energy projects intended to increase crude oil production and conserve natural gas. Some of our most important investments are: ? Mafumeira Sul, the second stage of the offshore Mafumeira Field development ? Angola LNG, a liquefied natural gas plant in Soyo ? Congo River Canyon Crossing Pipeline ? Lianzi Project, in the AngolaCRepublic of the Congo Joint Development Area ? Nemba Enhanced Secondary Recovery Project In 2015, we expect to start up the Nemba project, commission the Congo River Canyon Crossing Pipeline, report first production at Lianzi and restart the Angola LNG project, which produced its first shipment of liquefied natural gas in 2013. Chevron has interests in three concessions in Angola, two of which we operate. We are Angola'

s largest foreign oil industry employer. More than

89 percent of our workforce in the country is Angolan. Our social investments in Angola focus on projects that aim to promote economic development, help train the local workforce and improve access to educational opportunities and health care. Business Portfolio In Angola, Chevron operates through its wholly owned subsidiary Cabinda Gulf Oil Company Limited. In 2014, our Angola operations had an average net daily production of 121,000 barrels of oil-equivalent per day, or 114,000 barrels of liquids and

78 million cubic feet of natural gas. Exploration and Production Chevron has an interest in three concessions: Block 0, off the coast of Cabinda Province;

Block 14, in deep water;

and the onshore Fina Sonangol Texaco area. We also have an interest in an onshore liquefied natural gas (LNG) joint venture, Angola LNG Limited. Chevron'

s interest in Block

2 expired in July 2014. Passing a Major Milestone in Block

0 Chevron operates and has a 39.2 percent interest in Block 0. In 2012, the offshore concession produced its

4 billionth barrel of crude oil. The block is divided into Areas A and B. Together they contain

21 fields that produced a net daily average of 87,000 barrels of liquids in 2014. Area A consists of

15 producing fields with net daily production of 53,000 barrels of crude oil and 2,000 barrels of liquefied petroleum gas. Area B has six fields that produced a net average of 28,000 barrels of crude oil and condensate and 4,000 barrels of liquefied petroleum gas per day in 2014. Work continued on the Nemba Enhanced Secondary Recovery Stage

1 and

2 Project in 2014. The two-stage development project includes additional compression facilities on a new platform and a bridge connecting it to the existing South Nemba platform. The project was started up in early 2015. Total daily production is expected to be 9,000 barrels of crude oil. Angola Fact Sheet |

2 www.chevron.com www.chevron.com ?

2015 Chevron Corporation. All rights reserved. The second stage of the Mafumeira Field development, known as Mafumeira Sul, includes a central processing facility, two wellhead platforms, approximately

75 miles (121 km) of subsea pipelines,

34 producing wells and

16 water-injection wells. The facility is designed for a capacity of 150,000 barrels of liquids and

350 million cubic feet of natural gas per day. Platform and topsides fabrication continued in 2014. In the first half of 2015, offshore facilities are expected to be installed and pipeline construction is expected to be finished. First production is planned for 2016, ramping up to full production in 2017. The Greater Longui Area development is approximately