Sonangol, BP Announce New Oil Discovery In Block 31, Offshore Angola

Published: 01-Oct-2009

Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP Exploration (Angola) Limited (BP) announced the Tebe oil discovery in ultra-deepwater Block 31, offshore Angola. This is the nineteenth discovery made by BP in Block 31 and is located in the southern portion of Block 31 some 350 kilometers northwest of Luanda and about 12 kilometers to the south east of the Hebe discovery.

Tebe was drilled in a water depth of 1,752 meters and reached a total depth of 3,325 meters below sea level. The well results confirmed the capacity of the reservoir to flow in excess of 5,000 barrels a day under production conditions.

Sonangol is the concessionaire of Block 31. BP as operator holds 26.67%. The other interest owners in Block 31 are Esso Exploration and Production Angola (Block 31) Limited (25%), Sonangol P&P (20%), Statoil Angola A.S. (a subsidiary of StatoilHydro ASA) (13.33%), Marathon International Petroleum Angola Block 31 Limited (10%) and TEPA (BLOCK 31) Limited, (a subsidiary of the Total Group) (5%).

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