TotalFinaElf has another strike on Block 14 off Angola
France's TotalFinaElf SA announced Wednesday that it has another oil discovery on Angola's deep offshore Block 14. Drilled in 1,340 ft of water, the Lobito-1x well flowed at a rate of 10,200 b/d of 35-degree gravity crude.
France's TotalFinaElf SA announced Wednesday that it has another oil discovery on Angola's deep offshore Block 14.
Drilled in 1,340 ft of water, the Lobito-1x well flowed at a rate of 10,200 b/d of 35˚-gravity crude.
TotalFinaElf holds a 20% interest in the block. Its partners are Angola's state oil company, Sonangol, 20%; Chevron Corp. subsidiary Cabinda Gulf Oil Co. Ltd., 31%; Agip Angola Exploration BV, 20%; and Petrogal, 9%.
The discovery field is close to four other discoveries on Block 14: Kuito, Landana, Benguela, and Belize. Kuito field, placed on flow in late 1999, produces 70,000 b/d. TotalFinaElf said studies to develop the other fields are underway.
