Statoil Wednesday announced a successful oil discovery
in the Cabaca South East-2 well in block 15/06, located offshore Angola.
-Statoil holds a 5% stake in block 15/06.
-The Cabaca South
East-2 well, located at a
depth of 470 meters, at a distance of about 100 km from the coast, successfully
appraised the Cabaca South East discovery.
-During production tests, the well flowed high quality 34° API degrees oil at
rates of about 7,000 barrels/day. The rates were limited by surface facilities.
-Evaluations indicate that the appraisal well has increased the initial
estimate of oil in place for the discovery by 30% and that a second productive
hub in the North East area, which will double the expected production of block
15/06, is now a reality.
-Eni will work together with Sonangol and partners to accelerate the
development of this second hub.
-Eni has a 35% working interest and is the operator in block 15/06, while
Sonangol E&P is the concessionaire.