Chevron unit finds oil on Block 14 off Angola
Uchenna Izundu
International Editor
LONDON, Jan. 26 -- Chevron Corp. subsidiary Cabinda Gulf Oil Co. Ltd. (Cabgoc) and its partners reported an oil discovery on deepwater Block 14 off Angola. The well, Lucapa-1, found more than 280 net ft of oil in Miocene-age sands.
Lucapa-1 was drilled in October 2006 in 3,940 ft of water to a 10,958 ft TVD. The well, which was tested in November 2006, flowed 24º gravity oil from high-permeability sand in the main target interval.
The discovery is the 10th exploration well drilled on Block 14 since 1997.
Also under development on Block 14 is the $2.3 billion Benguela Belize-Lobito Tomboco (BBLT) project, which started up in January 2006. Once fully developed, BBLT will produce an estimated 200,000 b/d of oil in 2008.
Also, in June 2006, Chevron began production from the Landana North reservoir in the Tombua-Landana development area of Block 14 by producing through the BBLT facility. When developed, Tombua-Landana is expected to achieve peak production of 100,000 b/d of oil by 2010 through its own facility.
Cabgoc, with 31% interest, serves as operator of the Block 14 contractor group, which includes Total E&P Angola 20%, Sonangol 20%, Eni Angola Exploration BV 20%, and GALP 9%.
Contact Uchenna Izundu at [email protected].