BP group has deepwater find off Angola

A group led by BP PLC reported a discovery at Oberon, the 30th discovery on Blocks 31 and 32 off Angola, capable of flowing more than 5,000 b/d of oil.

By OGJ editors
HOUSTON, May 27 -- A group led by BP PLC reported a discovery at Oberon, the 30th discovery on Blocks 31 and 32 off Angola, capable of flowing more than 5,000 b/d of oil.

The well, drilled to 12,300 ft measured depth in 5,300 ft of water 250 miles offshore on Block 31, cut oil-bearing reservoirs in the Oligocene section. It is less than 3 miles northeast of the Dione discovery announced in October 2008.

First production from the group's PSVM development is targeted in 2012.

BP Exploration (Angola) Ltd. is operator with 26.67% interest. Esso Exploration & Production Angola (Block 31) Ltd. has 25%, Angola's state Sonangol P&P 20%, Statoil Angola AS 13.33%, Marathon Oil Corp. 10%, and Total's TEPA (Block 31) Ltd. 5%.

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