BRAZZAVILLE, July 29 (Reuters) - Chevron Corp plans to invest $2 billion to develop its Lianzi oilfield straddling the maritime border between Republic of Congo and Angola, a company official said on Sunday.
"Production from the Lianzi field will begin in 2015 and investments will cost $2 billion," Katia Mounthault-Tatu, a Chevron spokeswoman, told Reuters.
State revenues from the field, which holds proven reserves of 70 million barrels, will be split 50-50 between Congo and Angola, the two countries confirmed in an agreement on Friday.
Congo produced 105 million barrels of crude oil last year. Angola pumps around 1.8 million barrels per day.
Source: http://feeds.reuters.com/~r/reuters/AfricaAngolaNews/~3/158YIuqAfPo/idAFL6E8IT2Z920120729
roland martin suspended lake vostok montgomery county public schools the river dr dog ke$ha earl
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.