StatoilHydro: Oil Discovery In Block 31 Offshore Angola
October 01 2009 - 6:34AM
Dow Jones News
DOW JONES NEWSWIRES
StatoilHydro said Thursday that Angolan national oil company
Sociedade Nacional de Combustiveis de Angola (Sonangol) and BP have
announced an oil discovery in ultra-deepwater block 31, offshore
Angola.
MAIN FACTS:
-StatoilHydro holds a 13.33% stake in block 31.
-Well results confirmed the capacity of the reservoir to flow in
excess of 5,000 barrels per day under production conditions.
-Sonangol is the concessionaire of block 31 and BP is operator
with a 26.67% stake.
-Other shareholders in block 31 are ExxonMobil (25%), Sonangol
P&P (20%), StatoilHydro (13.3%), Marathon (10%) and Total
subsidiary TEPA (5%).
-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090;
djnews.stockholm@dowjones.com