New offshore oil well discovered in Angola

15 February 2006

Luanda, Angola, 15 Feb – Angolan state oil company and Sonangol and Total Angola said Tuesday in Luanda that a new offshore oil discovery had been made in bloc 32 in the deep waters around 180 kilometers off the Angolan coast, to the northeast of Luanda.

The well named Mostarda-1 is the fifth drilled in bloc 32 and during its testing period produced 5,347 barrels of crude oil per day.

Drilled to a depth of 1,758 meters, Mostarda-1 is located in the eastern part of bloc 32, some 14 kilometers to the south of Canela-1 and 15 kilometers southeast of Gengibre-1, discoveries announced in 2004 and 2005, respectively.

A statement from Portuguese oil and gas company Galp has said that, “in 2004 and 2005, the consortium had announced the discovery of oil in wells Canela-1 and Gengibre-1, respectively, which shows that this is an area which has shown itself to be of great potential and one of the most promising in offshore Angola.”

Sonangol with 20 percent is the concession-holder of bloc 32 and has as partners Marathon Oil Company (30%), Esso Exploration and Production Angola (Overseas) Limited (15%) and Galp Energia, through Petrogal (5%).

Total E&P Angola Limited, a subsidiary of the Total group, is the bloc’s operator, with a 30 percent stake in the consortium. (macauhub)