INDUSTRY BRIEFS

08/09/1999
ExplorationEsso Exploration Angola Ltd.,a unit of Exxon Corp., made another oil discovery on Block 15 in the Hungo area off Angola. The well, Chocalho, flowed at a test rate of 4,554 b/d and was drilled in 3,763 ft of water to a total depth of 8,245 ft. The well is the fifth oil discovery on Block 15; the others are Hungo, Kissanje, Marimba, and Dikanza. All five wells are located about 230 miles west of Luanda. Block 15 interest holders are: Esso, 40%; BP Exploration Angola Ltd., 26.67%; Agip Angola Ltd., 20%; and Statoil, 13.33%.Anadarko Petroleum Corp.signed an exploration agreement with Texaco Inc. that effectively doubles the Houston independent`s acreage in the Gulf of Mexico`s subs...
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