Chevron unit finds oil on Block 14 off Angola

Jan. 26, 2007
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.

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].