he Kizomba Satellites Phase 2 project in Block 15 offshore Angola has come on stream.

Production started several weeks ahead of schedule, and the project came in significantly below the original budget.

“Statoil’s engagement in Angola is the largest oil production outside Norway and the satellite production at Kizomba adds profitable barrels to our 220,000 barrels of oil equivalent per day production from Angola,” says Tove Stuhr Sjøblom, Statoil senior vice president for sub-Saharan Africa.

Through the subsea infrastructure development of the Kakocha, Bavuca and Mondo South fields tied back to the existing Kizomba B and Mondo Floating Production Storage and Offloading (FPSO) vessels, total daily production of Block 15 is expected to increase to 350,000 barrels of oil per day.

Recoverable reserves from the Kizomba Satellites Phase 2 fields are estimated at 190 million barrels of oil.

Kizomba Satellite Phase 2 is located approximately 150 kilometres off the coast of Angola in water depths around 1350 metres.

Statoil holds a 13.33% interest in Block 15, which is operated by Esso Angola (with a 40% interest). Other partners include BP (26.67%) and ENI (20%). Sonangol is the concessionaire.

About Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway, with approximately 23,000 employees worldwide, and are listed on the Oslo and New York stock exchanges.