The American oil major’s project marks Central Africa’s first cross border offshore project, it said in a statement.
“This milestone demonstrates that we continue to make steady progress on delivering major development projects,” said Jay Johnson, Chevron executive vice president.
“We have the industry’s strongest queue of major capital projects that are expected deliver significant value and production growth.”
Meanwhile, Ali Moshiri president of Chevron Africa and Latin America, says Lianzi, which is located some 65 miles offshore in around 3,000 feet of water, represents a unique cooperative approach to share offshore resources.
He added that it may, in the future, serve as a model for the development of similar cross-border fields.