Oil find in deepwater Angola

Esso Exploration Angola has announced the 17th oil strike off Angola in West Africa in the Bavuca-1 well on deepwater block 15.

Esso drilled the well in 1,094 m of water to 3,235 m TMD. The well flowed at 2,726 b/d during a production test.

The block lies 350 km northwest of Angola's capital, Luanda. Esso estimates its oil reserves at 4.5 Bbbl.

Operator Esso has 40% of block 15, with partners BP Exploration 26.7%, ENI Angola Exploration 20%, and Statoil 13%.

(03/02/04)