Chevron makes discovery offshore Angola
Chevron says that its affiliate, Cabinda Gulf Oil Company (CABGOC) and its partners, had made a successful discovery
in Block 0 located adjacent to the Cabinda coastline in Angola.
The 79-3XST1 discovery well, drilled in March 2009 in 397 feet (120 meters) of water to a total vertical depth of
13,000 feet (3,965 meters), encountered over 225 feet of net hydrocarbon pay in the Upper Pinda formation. The well
was tested from a single 150 ft. perforated interval and flowed at a rate of 11.6 mm cf of natural gas and 2,550
barrels of liquid hydrocarbons per day.
"This discovery further demonstrates the success of Chevron's focused exploration program in growing our resource
base. Our strong record of exploration discoveries in West Africa provides Chevron opportunities to successfully move
energy resources forward from exploration to development to production," said George Kirkland, executive vice
president, Global Upstream and Gas.
"Chevron is pleased with the discovery, and we look forward to continuing the work needed to further evaluate the
find and potential development options," said Ali Moshiri, president of Chevron Africa and Latin America Exploration
and Production Company.
The discovery extends a trend of undeveloped natural gas condensate and crude oil discoveries in the Greater Vanza Longui Area that are currently undergoing appraisal.
