By OGJ editors
HOUSTON, May 24 -- Kerr-McGee Angola Ltd. has signed an agreement with Angola's national oil company Sonangol to take a 25% contract interest in Block 10 off Angola. The deepwater block is operated by Devon Energy Corp., which holds a 35% contract interest. Sonangol and affiliates hold the remaining 40%.
The block, extending from the coast off Lobito to a point 30 miles offshore, covers 1.2 million acres in water as deep as 3,300 ft. The partners anticipate drilling one or two wells on Block 10 prospects identified in 3D seismic data in the second half of this year.
