BP Announces Offshore Angola Discovery

27 May 2009 (Last Updated May 27th, 2009 18:30)

BP Exploration Angola and Sonangol have announced the Oberon oil discovery in ultra-deepwater block 31, offshore Angola. This is the 18 discovery made by BP in block 31 and is located in the southern portion of the block about 335km north-west of Luanda and 4.3km to the north-east of th

BP Exploration Angola and Sonangol have announced the Oberon oil discovery in ultra-deepwater block 31, offshore Angola.

This is the 18 discovery made by BP in block 31 and is located in the southern portion of the block about 335km north-west of Luanda and 4.3km to the north-east of the Dione discovery.

Oberon-1 was drilled in a water depth of 1,624m and reached a total depth of 3,622m below sea level.

The well test results confirmed the capacity of the reservoir to flow in excess of 5,000 barrels per day under production conditions.

Sonangol is the concession holder of block 31. BP Exploration Angola as operator holds 26.67%. The remaining stake holders are Esso Exploration and Production Angola (25%), Sonangol P&P (20%), Statoil Angola AS (13.33%), Marathon International Petroleum Angola (10%) and TEPA, a subsidiary of the Total Group, which holds 5%.

By staff writer.