Exxon Mobil Corporation has revealed that its Angolan subsidiary has started production at the $3.5 billion Kizomba B project, which is designed to develop one billion barrels of oil from the Kissanje and Dikanza fields.

The major Kizomba B project is located in approximately 3,280 feet of water more than 200 miles off the coast of Angola and includes the deployment of the world’s largest FPSO (Floating Production, Storage, and Offloading vessel) with a storage capacity of 2.2 million oil barrels.

With combined estimated recoverable resources of two billion barrels of oil, Kizomba A, and Kizomba B, along with the Xikomba project, are expected to reach a peak output of more than 550,000 barrels of oil a day by year-end.

Kizomba A and B are benchmark projects that have set world-record cycle times with the lowest unit development costs for projects of this size and complexity, said Rex Tillerson, president of ExxonMobil Corporation. Kizomba A was brought on line in a record 36 months, and Kizomba B has beaten that record by achieving start-up in only 31 months.

These projects, which are the largest of their kind offshore Africa, employ leading-edge deepwater technology to develop significant new oil production capacity and demonstrate our commitment to the long-term development of Angola’s hydrocarbon and human resources.