13th Angola block find

April 24, 2007, 09:50 CEST

The 13th oil find in deepwater block 31 off Angola has been made, according to operator BP and the Angolan state oil company, Sonangol. Statoil has a 13.33% share in the block.

The find, named Miranda, is located 11 kilometres south of the Titania find, which was made in October 2006. The well was drilled from the Jack Ryan drilling ship to a total depth of 5,116 metres. Water depth in the area is 2,436 metres.

Miranda is located around 375 kilometres north-west of the Angolan capital, Luanda.

The well tested at a flow rate of 3,822 barrels of oil per day (b/d) through a 48/64ths inch choke.

The other finds in the block are named Urano, Plutão, Saturno, Marte, Venus, Palas, Ceres, Juno, Astraea, Hebe, Titania and Terra.

Sonangol is the concessionaire in block 31. BP is operator with 26.67%. Statoil is a partner in a contractor group comprising ExxonMobil (25%), Sonangol (20%), Statoil (13.33%), Marathon (10%) and Tepa (5%).

Statoil also has a 13.33% share in blocks 15 and 17 off Angola and a 5% share in block 15/06.