Bomboco is expected to reach an average daily production of 30,000 barrels of oil within the next year and is an integral component of CABGOC’s Sanha Condensate project.
The Sanha processing facilities first received condensate (a valuable, light oil) from surrounding fields in December and first gas injection is expected to occur in January 2005.
Condensate production from the Sanha field is scheduled to start early in the first quarter and first liquefied petroleum gas (a mixture of butane and propane) production from the Sanha floating production, storage and off-loading (FPSO) vessel is forecast for early in the second quarter.
Combined Sanha and Bomboco peak production of an estimated 100,000 barrels per day of oil and LPG is anticipated in 2007.
Commenting on the news, John Watson, president of ChevronTexaco Overseas Petroleum, said: Bomboco first oil is an important milestone in the broader Sanha Condensate project, which will give a boost to ChevronTexaco’s production in Africa – a continent where we continue to make strong progress toward achieving our strategic growth objectives.
