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Chevron acquires tech for Congo-Angola oilfield

20th August 2012

Chevron Overseas Congo Ltd contracts service firm Subsea 7 to supply technology for the development of Lianzi field

Chevron acquires tech for Congo-Angola oilfield
Chevron has said that the field is a priority for the firm, as it constitutes its first operated asset in the Republic of Congo. West Africa is one of the world’s key hydrocarbon areas

US multinational energy company Chevron Corporation has contracted a Norwegian oilfield services firm to install and supply technology for the development of its Lianzi field offshore Congo and Angola, it emerged on Thursday. Lianzi is a key priority for the firm.

Chevron Overseas Congo Ltd, a subsidiary of energy major Chevron Corporation Ltd., has contracted energy service company Subsea 7. Under the USD 600m contract, Subsea 7 will install and supply subsea components for the development of the US firm’s Lianzi field, offshore Congo and Angola.

The contract includes a 12-inch wet, insulated production flow-line with direct electrical heating, to become the world’s deepest electrically-heated pipe, according to Chevron.

Part of the designing and fabrication will be conducted in Luanda, Angola. Subsea 7’s Angolan joint venture will carry out additional work in the city of Lobito.

The Lianzi field is located 105 km from the shore in a unitized offshore zone between the Republic of Congo and the Republic of Angola. Some USD 2bn will go towards the development of the field, Chevron said. First oil is expected in 2015, and the firm estimates it will produce at a rate of 46,000 barrels of oil equivalent per day.

Chevron has said that the field is a priority for the firm, as it constitutes its first operated asset in the Republic of Congo. West Africa is one of the world’s key hydrocarbon areas.

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