French oil and gas company Total said its subsidiary Tepa has made a new oil discovery at the Cabaca SE-1 well in block 15 / 06 in the Angolan deep-offshore.
The well, which is located in a water depth of 470ft and lies 100km from the Angolan shoreline, encountered significant gross thickness oil-bearing reservoirs in the Miocene series.
Volumes estimates suggest that Cabaca SE can hold substantial volumes of oil. An appraisal well is planned to be drilled in the third quarter of 2010 with the objective of delineating and testing this oil accumulation.
Cabaca SE-1 is the seventh exploration well drilled in block 15 / 06 since the block was awarded at the end of 2006. The eighth well of the exploration drilling campaign – Mpungi-1 – is being drilled, and will complete the work commitment of the first exploration period 18 months in advance of the contractual period, Total said.
According to the company, the exploration effort of the block 15 / 06 partnership has reached a remarkable rate of success with six commercial discoveries out of the seven prospects drilled to date. Tepa holds a 15% interest in the block, which is operated by Eni.