ANGOLA: KIZOMBA SATELLITES ON STREAM

July 12, 2012

Exxon Mobil announced that its subsidiary, Esso Exploration Angola (block15), has started production from the Kizomba Satellites Phase 1 project offshore Angola. The Kizomba Satellites initial phase is expected to ultimately produce 100,000 barrels of oil per day, and recover a total of approximately 250 million barrels from the Mavacola and Clochas fields, located 95 miles off the coast of Angola in water depths of approximately 4,500 feet. Phase 1 of the project will develop 18 wells with subsea tiebacks to the existing Kizomba A and B floating, production, storage and offloading (FPSO) vessels. ExxonMobil was awarded Block 15 in 1994 and, to date, has discovered a total of approximately 5 billion oil-equivalent barrels. First oil was produced from Block 15’s Xikomba field in 2003, followed by startups of Kizomba A in 2004, Kizomba B in 2005, and Kizomba C in 2008.