BP Announces Tebe Oil Discovery In Block 31, Offshore Angola
October 01 2009 - 5:35AM
Dow Jones News
BP PLC (BP.LN) nd Sociedade Nacional de Combustíveis de Angola,
or Sonangol, Thursday announced the 'Tebe' oil discovery in
ultra-deepwater Block 31, offshore Angola.
MAIN FACTS:
-Tebe was drilled in a water depth of 1752 metres and reached a
total depth of 3325 metres below sea level.
-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 Exploration
(Angola) Limited as operator holds 26.67%.
-The other interest owners in Block 31 are Esso Exploration and
Production Angola (Block 31) Ltd. (25%), Sonangol P&P (20%),
Statoil Angola A.S. (a subsidiary of StatoilHydro ASA (STL.OS)
(13.33%), Marathon International Petroleum Angola Block 31 Ltd.
(10%) and TEPA (BLOCK 31) Ltd., (a subsidiary of the Total Group
(TOT)) (5%).
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com