ERHC Energy Inc (ERHE)

[RubyMartin]

Angola: More oil found in Angolan offshore oil bloc 31 [ 2008-02-04 ]


Luanda, Angola, 4 Feb – A new oil well named Portia in Angola’s bloc 31 was discovered in ultra-deep waters off the coast of Angola, Angolan oil company Sonangol and BP Exploration (Angola) Limited said in Luanda Friday.

According to a statement cited by Angolan news agency Angop,, the results of tests on the well showed a likely production of over 5,000 barrels of oil per day.

The Portia-1 well was drilled some 386 kilometers northwest of Luanda and reached a total depth of 5,678 meters below the sea level, Sonangol’s statement said.

This was the 15th strike that BP has had in bloc 31 and is located approximately 7 kilometers to the north of the Titania strike and 10.5 kilometers southeast of the Plutao field.

Sonangol, with 20 percent, is bloc 31's concession-holder and BP Exploration Angola is the operator with a 26.67 percent share.

Esso Exploration and Production Angola Ltd, with 25 percent and Statoil Angola A.S. (13.33 percent) also have stakes in bloc 31. (macauhub)