BP's Fourth Operated Oil Discovery In Angola

abarrelfullabarrelfull wrote on 16 Jul 2012 07:07

22 November 2000

BP and Shell announced today the ‘Paladio' oil discovery offshore Angola. This is the fourth exploration well BP has drilled in Block 18 and the fourth successive discovery.
The well was tested at 3,980 barrels a day (b/d) of 31 degrees API oil. Although further work will be needed to evaluate the full extent of Paladio, the preliminary results indicate the possibility of a significant oil accumulation.

Block 18 and its operatorship was awarded in 1996 by Sonangol (Angola's State Oil Company) to Amoco Angola BV (a wholly-owned subsidiary of BP) with 50 per cent equity and to Shell Development Angola BV with 50% equity.

Paladio was drilled by the deepwater drillship Pride Angola in 1,233 metres water depth some 175 kilometres off the coast. Paladio is 15 kilometres east of the Galio discovery and 10 kilometres north west of the Plutonio discovery.

The Pride Angola spudded a fifth Block 18 well, Cromio-1, on 15 September, seven kilometres east of Galio, after which she is expected to drill a sixth well on the same block.

Of the previous discoveries, two wells were drilled in 1999 and the third earlier in 2000. The Platina discovery tested oil at 6,500 b/d in 1,400 metres water depth in May 1999. The Plutonio discovery tested oil at 5,700 b/d in 1,362 metres water depth in July 1999. The Galio discovery tested oil at 4,770 b/d in 1,238 metres water depth in January 2000.

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