By OGJ editors
HOUSTON, Aug. 9 -- Chevron Corp. unit Cabinda Gulf Oil Co. Ltd. (Cabgoc) and its partners reported an oil discovery on deepwater Block 14 off Angola.
The well, Malange-1, was drilled in December 2006 in 873 ft of water to a TVD of 15,562 ft. The well found 212 net ft of oil in the Cretaceous-age Pinda reservoir. The well was tested in March and flowed 7,669 b/d of high-quality crude.
The discovery will be followed by further drilling in addition to geologic and engineering studies to appraise the field and assess its potential reserves.
Malange-1 is the first Pinda discovery on Block 14 and the 11th exploration discovery made in Block 14 since 1997. Most recently, Cabinda and its partners drilled its 10th exploration well on Block 14 in January (OGJ Online, Jan. 26, 2007).
Cabgoc serves as operator of the block's contractor group with 31% interest. Partners are Sonangol 20%, Eni Angola Exploration BV 20%, Total E&P Angola 20%, and Galp 9%.
