Sonangol and Tullow to explore block off Angola

Aug 03, 2006 02:00 AM

Tullow Oil was awarded a 50 % interest in Block 1/06 off Angola, and the UK company expects to enter into a production-sharing contract in August with state-owned Sonangol.
Block 1/06 is in 40-300 m of water and includes three undeveloped oil fields: Pitangueira, Bananeira, and Sapesapeiro.

Tullow plans to drill two wells in late 2007.
In addition, a 3D seismic survey covering 600 sq km is slated during the anticipated contract's first 4-year period along with a third exploration well.

Source: OGJ
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