Dec 3, 2007

Total strike oil in Angola block 32 - initial tests show output 5,400 bpd

A consortium including Total has struck oil in block 32 in offshore Angola, with initial tests producing 5,400 barrels per day, said Galp Energia SGPS, which owns a 5% stake in the contractor group.
In a statement, Galp said the 26 degree API oil was found in a well drilled at 1,607 metres below sea level and 9 km north of a previous discovery made in May this year in the same block. Total has a 30% stake in the consortium. The other members of the contractor group exploring the block are state-owned oil company Sonangol with 20%, Marathon Oil with 30% and Exxon with 15%.
Thomson FN

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