Brazil: Angolan-Brazilian consortium strikes oil in Bahia

14 March 2008

Luanda, Angola, 14 March – The consortium made up of Angolan company Somoil and Brazilian company Starfish Oil & Gas said Wednesday it had struck oil, in a well located in the Brazilian state of Bahia, Angolan news agency Angop reported Thursday in Luanda.

The agency cited a statement from the consortium saying that the well was concluded in December and showed significant signs of oil.

In February, with the use of a production probe, several initial test were carried out, which confirmed the presence of oil at depths of between 1,603 meters and 1,621 meters, with a preliminary extraction of 40m3/day, the statement said.

The statement added that the well would be equipped for production over the next few days and after receiving authorization from Brazil’s National Oil Agency, a longer lasting test will be carried out to establish the amount in reserve.

Somoil has been working in Angola since 2005 (as an operator) and since 2007 in Brazil (as a contractor), after taking part in an international tender. (macauhub)