|
COPYRIGHT 2004 Hart Publications, Inc.
Exploration wells in offshore Angola hit big pay yet again. On deepwater Block 18, BP has announced two discoveries, adding to the Plutonio, Paladio, Platina, Galio, Cromio and Cobalto finds it has already made there. The latest successful wells are the Cesio-1 and the Chumbo-1.
The Cesio-1 was drilled in 5,000 feet of water, about 100 miles from the coast. No testing details were released. The Chumbo-1 well was also drilled in 5,000 feet of water, about 125 miles off the coast. The latter well flowed at the rate of 1,080 barrels of oil per day. This find is six miles south-southwest of the Platina-1 discovery. First oil is expected from Block 18's Greater Plutonio area in 2007; peak rates are anticipated at some 200,000 barrels per day.
In separate activity, ExxonMobil has made its 17th deepwater oil discovery on Block 15. The Bavuca-1 was drilled in 3,589 feet of water to a total depth of 10,613 feet and tested at a rate of 2,726 barrels of oil per day.
The immensely prolific Block 15 contains the Kizomba and Xikomba developments.
ExxonMobil operates the Block 15 and has a 40% interest; BP has 26.67%; Eni, 20%; and, Statoil has 13.33%. BP and Shell hold interests in Block 18 equally, but Shell has been in talks to sell its interest to ONGC Videsh Ltd. Sonangol, the state oil company, is the concessionaire on both licenses.
1 Canada
The fight...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
