Angola: Sonangol announces discovery of new oil reserve

15 October 2008

Luanda, Angola, 15 Oct – Angolan state oil company Sonangol Tuesday in Luanda announced the discovery of another oil reserve, designated “Ngoma1” located in the deep waters off Block 15/06, 350 kilometres form Luanda.

Sonangol said that the discovery was made together with Italy’s ENI, which has operated the block since 2006.

According to a Sonangol statement, the reserve was drilled to a depth of 1,348 metres.

Block 15/06, which is a concession of Sonangol EP, is operated by ENI (35 percent), Sonangol (15 percent), SSI Fifteen (20 percent), Falcon Oil (15 percent), Statoil (5 percent) and Petrobras (5 percent). (macauhub)

MACAUHUB FRENCH