Angola: Sonangol and BP announce discovery of new oil well

4 March 2009

Luanda, Angola, 4 March – Angolan state oil company Sonangol and British Petroleum (BP) said Tuesday they had discovered a new oil well in ultra-deep waters, tests of which have shown it to have production capacity of 5,040 barrels of oil per day.

In a statement, Sonangol said that the well was BP’s 17th discovery in block 31, located approximately 415 kilometres northeast of Luanda.

Named Leda-1. the well was drilled to a depth of 2,070 metres, the document said.

Block 31, the concession of which is held by Sonangol, is operated by BP Exploration Angola Limited, with a stake of 26.67 percent, in partnership with ESSO Exploration and Production Angola Limited (25 percent), International Petroleum Angola Limited (10 percent) and TEPA Limited, a subsidiary of the Total group, with 5 percent.

At the end of February, Sonangol’s chairman, Manuel Vicente, said in Luanda that production capacity in Angola stood at 2 million barrels of oil although, due to cuts imposed by the Organisation of Petroleum Exporting Countries (OPEC), actual production was estimated at an average of 1.65 million barrels. (macauhub)