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Two new oil discoveries offshore Angola

October 16, 2008, 15:50 CEST

The sixteenth oil discovery in Block 31 has been announced by Sociedade Nacional de Combustíveis de Angola (Sonangol) and the operator BP Exploration (Angola) Limited.

StatoilHydro has a 13.33% interest in the Dione discovery in ultra-deep waters offshore Angola.
The discovery is located in the southern portion of Block 31, some nine kilometres south-west of the Juno 1 discovery. Dione is situated 390 kilometres northwest of Angola’s capital Luanda.
The well was drilled in 1696 metres of water to a total depth of 3272 metres below sea level.
The well test results confirm the capacity of the reservoir to flow in excess of 5,000 barrels per day under production conditions.
Sonangol is the concessionaire of Block 31. BP, the operator, has a 26.67% interest. The other partners are Esso (2%), Sonangol (20%), Marathon (10%), Total (5%) and StatoilHydro (13.33%).
New oil discovery in Block 15/06
Eni and Sonangol E.P. have announced a new oil discovery in the deep waters of Block 15/06 offshore Angola.
The discovery well Ngoma-1, located about 350 kilometres from Luanda, was drilled in 1,421 meters of water to a total vertical depth of 3,383 metres, encountering oil in high permeability Miocene sandstone.
The well tested at higher than forecasted rates, confirming the high potential of Block 15/06.
This discovery, located close to the recent Sangos discovery, will be followed by other exploration wells on other nearby structures, creating significant potential to achieve synergies in the development of the western area of the block.
Eni operates Block 15/06 with a 35% interest and Sonangol E.P. is the Concessionaire. The other contractors are Sonangol Pesquisa e Produçao SA (15%), SSI Fifteen Limited (20%), TEPA (Block15/06) Total (15%), Falcon Oil Holding Angola SA (5%), Petrobras International Braspetro B.V. (5%) and Statoil Angola Block 15/06 Award AS (5%).