BP PLC (BP.LN) nd Sociedade Nacional de Combustíveis de Angola, or Sonangol, Thursday announced the 'Tebe' oil discovery in ultra-deepwater Block 31, offshore Angola.

MAIN FACTS:

-Tebe was drilled in a water depth of 1752 metres and reached a total depth of 3325 metres below sea level.

-Well results confirmed the capacity of the reservoir to flow in excess of 5,000 barrels a day under production conditions.

-Sonangol is the concessionaire of Block 31. BP Exploration (Angola) Limited as operator holds 26.67%.

-The other interest owners in Block 31 are Esso Exploration and Production Angola (Block 31) Ltd. (25%), Sonangol P&P (20%), Statoil Angola A.S. (a subsidiary of StatoilHydro ASA (STL.OS) (13.33%), Marathon International Petroleum Angola Block 31 Ltd. (10%) and TEPA (BLOCK 31) Ltd., (a subsidiary of the Total Group (TOT)) (5%).

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com