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Exxon Mobil starts offshore Angola oil production
Exxon Mobil subsidiary began pumping oil from the Xikomba field in deepwater block 15 about 230 miles northwest of Luanda. The field, discovered in 1999, is estimated to hold 100 million barrels with a target output of 40,000 barrels per day as facilities are completed in nearby block 25 where Esso Exploration Angola holds a 40 percent stake. Exxon shares rose 48 cents to $37.02 on the NYSE.
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