BP announces new offshore discovery in Angola

25 April 2007

Luanda, Angola, 25 April – BP has announced a new oil discovery in ultra-deepwater Bloc 31 off the coast of Angola, state energy company Sonangol has announced.

The new find, dubbed Miranda-1, is BP’s 13th in Bloc 13 and was drilled at depth of 5,116 meters and tested for 3,822 barrels per day production.

BP operates Bloc 31 with a 26 percent share in the venture. Esso (25 percent), Sonangol (20 percent), Statoil (13 percent), Marathon (10 percent) and Total subsidiary TEPA (5 percent) are the other partners in the undertaking.

Angola’s offshore waters are split into 70 oil hydrocarbon exploration blocs in shallow, deep and ultra-deep waters. Around 30 of these zones are currently being developed. (macauhub)