Brazil’s Petrobras announces oil discoveries in Angola

19 February 2010

Sao Paulo, Brazil, 19 Feb – Brazilian state oil company Petrobras has announced the discovery of oil at two Angolan deepwater sites.

The discovery results from drilling at the Nzanza-1 and Cinguvu-1 offshore wells, located about 350 km northwest of Luanda at a depth of 1,400 metres, indicated the Thursday announcement.

The Brazilian company holds a 5 percent stake in the block (15/06), while ENI Angola is the operator, with 35 percent.

The other partners are Sonangol (15 percent), SSI Fifteen Limited (20 percent), Total (15 percent), Falcon Oil Holding Angola (5 percent) and Statoil Angola Block (5 percent).

The bloc already counts five discoveries of oil, including the Caba?a, Norte-1, Sangos and Ngoma wells, besides Nzanza-1 and Cinguvu-1.

Plans call for additional exploratory wells to be drilled over the course of this year, indicates the note from Petrobras. (macauhub)