Chevron Corporation announced that its subsidiary, Chevron Overseas (Congo) Limited, has commenced oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.
Located 65 miles (105 km) offshore in approximately 3,000 feet (900 meters) of water, Lianzi is Chevron's first operated asset in the Republic of Congo and the first cross-border oil development project offshore Central Africa. The project is expected to produce an average of 40,000 barrels of crude oil per day.
"This milestone demonstrates that we continue to make steady progress on delivering major development projects," said Jay Johnson, executive vice president Upstream, Chevron Corporation. "We have the industry's strongest queue of major capital projects that are expected deliver significant value and production growth."