BP Hits Oil Off Angola

Offshore Magazine reports that BP has hit deepwater oil off the coast of Angola:

Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP Exploration (Angola) Ltd. have hit oil with the Cordelia discovery in ultra deepwater block 31 offshore Angola. Cordelia is BP’s fourteenth discovery drilled in block 31.

GlobalSantaFe’s Jack Ryan drillship drilled the Cordelia well in 2,308 m (7,572 ft) water depth 371 km (230.5 mi) northwest of Luanda. The well reached a TVD of 4,040 m (13,255 ft). Cordelia lies 3.5 km (2 mi) to the southeast of the recently announced Miranda discovery. The well tested at an operationally restricted flow rate of 2,063 b/d of oil.

Sonangol is concessionaire of block 31. BP Exploration (Angola) Ltd. operates the block with 26.67% interest. Partners include Esso Exploration and Production Angola (Block 31) Ltd. with 25% interest, Sonangol E.P. with 20% interest, Statoil Angola A.S. with 13.33% interest, Marathon International Petroleum Angola Block 31 Ltd. with 10% interest, and Total subsidiary TEPA (Block 31) Ltd. with the remaining 5%.

The capital city, Luanda, is booming.

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