Total announces new oil strikes in ultra deep waters off Angola

9 February 2007

Luanda, Angola, 9 Feb – Angola will produce over 11,300 barrels of oil per day following the discovery of two new oil wells in bloc 32 in ultra deep waters by Total Angola.

According to a statement issued Thursday in Luanda, the wells are called Manjericão-1- and Caril-1 and were drilled to a depth of 1,977 meters and 1,673 meters, respectively.

The discovery, which is located in the northeastern part of bloc 32, approximately 18 kilometers from the Gindungo-1 well and seven kilometers from the Cola-1 well, discoveries made in 2003 and 2004, respectively.

The French company has a 30 percent stake in the bloc, Angolan state oil company owns 20 percent, and the remainder is split between Marathon Oil Co. (30 percent), Esso (15 percent) and Galp Energia (5 percent).

Angola is currently the second-largest oil producer in sub-Saharan Africa, with production of 1.4 million barrels per day.

Angola’s offshore area is divided into 74 blocs, in shallow, deep and ultra deep waters, of which just 30 are currently in operation.

Angola’s oil reserves are estimated at around 12.5 billion barrels. (macauhub)