Maersk Strikes More Oil in Block 16 Offshore Angola

  • Business & Finance

Maersk Oil Angola A/S (Maersk Oil), together with concessionaire Sonangol E.P., and partners Sonangol P&P and Odebrecht Oil and Gas Angola Ltd, has successfully completed drilling the Caporolo-1 exploration well in the Lower Congo Basin with positive results.

Caporolo-1 is a step-out exploration well on a separate structure adjacent to, and not part of, the existing Chissonga discovery in Block 16. A production test was conducted with a maximum rate of 3,000 barrels of oil a day (bopd) on a 36/64” choke size.

“We are encouraged by yet another success on Block 16. This is a result of our continued commitment to Angola and a further step towards our goal of building up a significant business in the country,” said Anders Damgaard, Managing Director of Maersk Oil in Angola.

“The successful results of the Caporolo-1 well warrants additional appraisal and substantial evaluation to determine whether the discovery is large enough to eventually develop,” Damgaard said.

The well is located in the western sector of Block 16, some 13 kilometres from Chissonga and 300 kilometres northwest of Luanda. It was drilled in 1,235 metres of water to a total depth of 5,508 metres using the Pride South Pacific semisubmersible drilling rig.

Maersk Oil and its partners will continue exploration work on the block based on these encouraging results. Sonangol E.P. is the concessionaire of Block 16. Maersk Oil is operator with 65% with partners Odebrecht Oil and Gas Angola Ltd (15%) and Sonangol P&P (20%).

[mappress]
Press Release, September 25, 2012

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