The London-based new ventures group, headed by Dr John Cousins, continues to evaluate other African upstream possibilities. In Angola it has acquired an interest in offshore Block 1 and has signed a production sharing agreement for Block 20 in 1995. Units of Mobil and United Meridian have started production from the Zafiro field off Equatorial Guinea. The Zafiro field is on the 547,000 acre Block B off Bioko Island in the Gulf of Guinea. Operator Mobil Oil Equatorial Guinea Inc holds 75 per cent interest in Block B and UMC Equatorial Guinea Corp 25 per cent.
Partners offload production from the unit through a floating hose to export tankers.
London WC2A 2EB, United Kingdom.