BP reports third ultra deepwater discovery off Angola

Nov 24, 2003 01:00 AM

Angola's offshore concessions continue to be a source of new oil discoveries. BP unit BP Exploration (Angola) and Angola's state oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) reported the oil find Marte (Mars) on ultra deepwater Block 31.
Of four wells drilled on the block, this was the third successful discovery, following the Plutao and Saturno discoveries about 20-25 km southeast of Marte.

The Marte-1 discovery well reinforces the commercial viability of discoveries made on Block 31. Its proximity to Plutao and Saturno may make joint development likely, but development options currently are still being evaluated, BP said. The Marte-1 well was drilled in 1,978 metres of water 175 km off Angola and reached 4,193 metres TD below sea level. It flowed as much as 5,200 bpd on test.
BP said it plans to drill one more exploration well-Vénus-1-in this area by yearend. The block covers 5,349 sq km in water 1,500-2,500 metres deep.

Concessionaire Sonangol awarded operatorship of Block 31 to BP in 1999 along with a 26.67 % equity interest.
Partners are Esso Exploration & Production Angola (Block 31) 25 %, Sonangol EP 20 %, Statoil Angola AS.13.33 %, Marathon Petroleum Angola Block 31 10 %, and Total unit EPA (Block 31) 5 %.

Source: Oil & Gas Journal
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