Chevron has announced an oil and gas discovery off the coast of Angola.
The discovery, in Block 0 adjacent to the Cabinda coastline of Angola, was drilled in 120m of water to a total vertical depth of 13,000ft, targeting the Upper Pinda formation.
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The company said that the 79-3XST1 discovery well had a flow rate of 11.6 million cubic feet of natural gas and 2,550 barrels of liquid hydrocarbons a day, according to a Reuters report.
Chevron, through its local affiliate Cabinda Gulf Oil, has a 39% interest and is the operator of the Block 0 contractor group. Angolan state oil company Sonangol has a 41% stake, and affiliates of France’s Total and Italy’s Eni hold a 10% and 9.8% stake respectively.
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