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23

ExxonMobil Started Production Offshore Anglola

Exxon Mobil Corp said on Wednesday it had started production at its Kizomba C

Exxon Mobil Corp said on Wednesday it had started production at its Kizomba C development at a field off the Angolan coast that is expected to reach output of 100,000 barrels per day.

Exxon Mobil's Esso Angola owns 40 percent of the development and is operator of the field.

Production from those two fields is expected to begin in 2008. Total production from the three will reach a total of 200,000 bpd.

Other participants in the offshore block include BP Plc with a 26.7 percent stake, Eni with 20 percent, and StatoilHydro with 13.3 percent.