A subsidiary of Chevron Corporation is to proceed with the US$2 billion development of the Lianzi field, which is located in a unitised offshore zone between the Republics of Congo and Angola
The Lianzi field, which is 105 km offshore and in 900 metres of water, will be developed via a tieback to the existing Benguela Belize Lobito Tomboco (BBLT) platform located in Angola Block 14.
The development will include a subsea production system and a 43 km electrically heated flowline - the first of its kind at this water depth - to transport the oil from the field to the BBLT platform.
The first oil from the development is expected in 2015 and the project is expected to produce a maximum of 46,000 boepd once completed.
"As the first cross-border development in the region, Lianzi represents a unique cooperative approach to shared offshore resources and may serve as a model for the development of similar cross-border fields between the two countries," said Ali Moshiri, president of Chevron Africa and Latin America Exploration and Production Company.
Chevron Overseas Congo has a 31.25 per cent interest in the Lianzi field which is jointly owned by Total (36.75 per cent), ENI (10 per cent), Sonangol (10 per cent), SNPC (the Republic of Congo National Oil Company – 7.5 per cent) and GALP (4.5 per cent).
