ExxonMobil is shutting off production at an Angolan deep-water oilfield which has come to the end of its producing life,
Dow Jones news wire reported on Thursday that the US supermajor has called time on the Xikomba field as reserves have become depleted after seven years of production.
ExxonMobil holds 40% interest in the field with BP holding 26.67%, Italy’s Eni 20% and Statoil of Norway the balance of 13.33%.
Production had been expected to finish soon as the Xikomba FPSO prepares for another job off Angola. SBM Offshore, which operates the FPSO through a partnership with Angolan state oil company Sonangol, in April scored a 12-year contract from Eni for work off Angola.