ExxonMobil makes offshore oil find in Angola

Nov 13, 2003 01:00 AM

ExxonMobil has announced substantial deepwater discoveries in Angola. A statement from the company said the discoveries were made by its exploration and production subsidiary, Esso Exploration Angola and Sociedade National de Combustiveis de Angola (Sonangol).
The discoveries in Kakocha and Tchilumba are the fifteenth and sixteenth oil finds on Angola Block 15. It said in Angola the Kakocha 1 was drilled in 3,376 feet of water to a total depth of 9,140 while the discovery well tested at flow rates of 4,500 bpd of oil.

It added that Tchilumba I was drilled in 3,904 feet of water to a total of 13,684 while the well tested at flow rates of 7,470 bpd of oil. With these are added to previous discovering on Angola Blocks 15,17, 31, and 32, ExxonMobil's resource base in the country has risen to over 10.5 bn barrels of oil value in the gross.
Esso and Sonangol have previously made 14 discoveries in Block 15 with Hungo, Kissinje, Marinba and Dikenza in 1998, Chocalho and Xikomba in 1999, Mundo, Saxi and Batuque in 2010, and Moulumbumba, Vicengo and Mavacola in 2001, new in 2002, and Clochas in 2003.

Located approximately 215 miles (about 350 km) north west of Luanda, the Block 15 represents a world-class development opportunity with the potential to recover more than 4 bn boe on the gross.
In addition to it's operator status with 40 % equity state in the Block 15, other participants are BP Exploration (Angola), ENI Angola Exploration and Statoil Angola while Sonangol is the concessionaire.

Source: Daily Champion
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