TEXACO TESTS STRIKES OFF NORTHWEST ANGOLA

A group led by a unit of Texaco Inc. has tested three oil strikes off the northwest coast of Angola. Texaco Latin America/West Africa listed their combined flow at more than 10,000 b/d from five zones. All the discoveries are on Block 2, about 250 miles north of the capital city of Luanda. Block 2 is a 1 million acre tract held under a production sharing contract.

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