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)

MACAUHUB FRENCH