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Home >> Business
UPDATED: 08:36, August 12, 2005
Angola, BP announce discovery of new offshore oil
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Angola's National Oil Society ( SONANGOL) and BP-Angola announced the eighth oil discovery in ultra-deep waters of the Angolan off-shore, of Block 31.

According to a statement from SONANGOL on Thursday, the well called Astraea-1, was drilled by "Jack Ryan" ship, 1,496 meters deep from water level, around 321 km northeast of Luanda and it reached a depth of 3,500 meters below sea level.

The statement said that the well has been tested and will have an output of 6,513 barrels of oil per day. This discovery (Astraea- 1), on Block 31, comes after Plutao, Saturno, Marte, Venus, Palas, Ceres and Jano.

Astraea-1 is located 10 km southeast of Palas-1, whose discovery was announced early in 2005.

SONANGOL is the concessionaire of Block 31, and BP is the operator and legal holder of a 26.67-percent share.

Block-31 has the following partners: Esso Exploration Angola, with 25 percent, SONANGOL E.P, with 20 percent, Statoil Angola A.S with 13.33 percent, Marathon International Petroleum Angola, with 10 percent and Tepa (subsidiary of the Total Group), with 5 percent.

Source: Xinhua

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