BP Amoco Angola Oil Discovery

abarrelfullabarrelfull wrote on 16 Jul 2012 07:04
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15 July 1999
BP Amoco announced today that its second exploration well on Angola's deep water Block 18 has resulted in a second significant oil discovery.

The Plutonio well tested oil at rates up to 5,700 barrels a day on a restricted choke size. It was drilled in 1,362 metres water depth and is located 175 kms north west of Luanda.

The first Block 18 discovery, Platina, tested oil earlier this year at 6,500 barrels a day and was drilled in 1,400 metres water depth.

BP Amoco said today: "While further geological and engineering studies are required to fully evaluate these two discoveries, we are very pleased with these encouraging initial results. Added to our shares in ten further non-operated discoveries in Blocks 15 and 17, we have very quickly built up a substantial position in this highly prospective deep water acreage."

The Block 18 licensees are:
Amoco Angola B.V. (operator and a subsidiary of BP Amoco) 50%
Shell Exploration and Production Angola BV 50%

Notes
The Plutonio well spudded on 19 April and was suspended on 3 June. The well co-ordinates were 7.88775 deg S, 12.15262 deg E.

The Platina well spudded on 31 January 1999 and was suspended on 17 April. The well co-ordinates were 7.779930 deg S, 11.841490 deg E.


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