New oil well in Angola to produce 80 million barrels of oil over 12 years

26 October 2007

Luanda, Angola, 26 Oct – Exploration has begun on a new Angolan oil well, which is expected to produce 80 million barrels over 12 years, Angolan state-owned oil company Sonangol said in Luanda Thursday.

According to a statement cited by Angolan news agency Angop, the Marimba Norte field will add around 40,000 barrels per day to the production of bloc 15, which includes Xikomba and the Kizomba A and Kizomba B developments.

With the addition of Marimba Norte, the statement added, bloc 15 will produce around 540,000 barrels of oil per day, with recoverable resources estimated at two billion barrels of oil.

Marimba Norte, linked to the Kizomba A development, and which went into production ahead of schedule, is one of Exxon Mobil’s main projects for this year and it is hoped to increase the company’s oil and gas production and meeting growing global demand.

As well as Esso (the operator with 40 percent), the other participants of Bloc 15 are BP Exploration (Angola) with 26.67 percent, ENI Angola Exploration B.V. (20 percent) and Statoil Angola (13.33 percent) with Sonangol as the concessionaire. (macauhub)