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<p>BogleGroves291: New page: Partners in the Chad-Cameroon oil development project Monday reported first oil operations and the startup of pipeline fill activities. Once central treating facilities and drilling op...</p> <hr /> <div>Partners in the Chad-Cameroon oil development <br /> project Monday reported first oil operations and the startup of <br /> pipeline fill activities. <br /> Once central treating facilities and drilling operations <br /> are completed, the $3.5 billion project is expected to reach oil <br /> production of 225,000 b/d, project partner ChevronTexaco Corp. <br /> said. <br /> The pipeline, which was completed a year ahead of schedule, <br /> will transport oil more than 660 miles from Bolobo, Miandoum, and <br /> Kome oil fields, near Doba in Chad, through eastern Cameroon, and <br /> on to an export terminal facility at Kribi, Cameroon, in the Gulf <br /> of Guinea. From there, oil will be shipped to a floating storage <br /> and offloading vessel 7 miles offshore for export. <br /> Partners in the project are ExxonMobil Corp. unit Esso <br /> Exploration &amp; Production Chad Inc., operator with 40%, <br /> ChevronTexaco 25%, and Malaysian oil company Petronas 35%. <br /> Construction on the project began in October 2000, pipeline <br /> installation began in 2001 in parallel with construction of oil <br /> field processing facilities, and first drilling of the planned <br /> 300 wells started in late 2001 (OGJ Online, Oct. 19, 2000). <br /> ExxonMobil said that the project is expected to produce for <br /> Chad an economic development value of $2.5-8.5 billion over its <br /> life, depending on oil price volatility. <br /> <br /> [http://umscoltd.com Cameroon oil]</div>

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