Pluspetroleo discovers oil in Angola’s Cabinda province

16 December 2011

Luanda, Angola, 16 Dec – The Pluspetroleo company, which has been prospecting for oil in Angola’s Cabinda province since 2006, has discovered an onshore well containing commercial quantities of oil, the company’s director general, Javier Igmacel told Angolan newspaper Jornal de Angola.

The well, which is just one of a total 40 wells drilled, is 2,300 metres deep and is expected to start producing 3,000 barrels of oil per day as of 2013. Until then the company will finish installing all technical facilities and platforms.

Declining to give a figure for the amount invested in prospecting so far, saying only that costs had been cavernous, Igmacel noted that this was the company’s first onshore oil production project.

Pluspetroleo is the operator, and state company Sonangol is the concession-holder of the prospecting contract. (macauhub)