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Exxon Mobil Corp (XOM) Financial News - Exxon Mobil Ends Oil Output at Xikomba Field in Angola

Exxon Mobil Corp (XOM)

Exxon Mobil Ends Oil Output at Xikomba Field in Angola

Quote: 3 to say 90,000 barrels a day was the peak output, not average.) Exxon Mobil Corp. (XOM)’s Angolan operating unit is ceasing production at its Xikomba oil field as the deposit’s life cycle of about seven years is “ending now,” said Fernando Pegado, a company spokesman. Production at the field, some 145 kilometers (90 miles) offshore in Angola’s Block 15, started in 2003 and has yielded “close to” 100 million barrels in total, Pegado said today by phone from Luanda. Peak output was 90,000 barrels a day and the company is now carrying out “decommissioning activities,” he said. The last export cargo of Xikomba crude was shipped in March, according to loading programs tracked by Bloomberg. Angola. cmendes6@bloomberg.net sev@bloomberg.net ...
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