On behalf of ANPG, ExxonMobil Angola and Block 15 partners, the Company confirmed the discovery in exploration well Bavuca Sul-1 as part of a project to restore activity levels in the above outline.
According to the source, they found high-grade sandstone containing hydrocarbons after drilling through a 1,100-meter (3,608-foot) expanse of water with the Valaris DS-9 vessel.
According to the Angolan institution, US transnational ExxonMobil is implementing new technologies and a multi-year drilling program with forecasts of producing around 40,000 barrels of crude oil per day, which will help offset natural production declines.
Previously, other important discoveries were made in Block 15, including those corresponding to the 1998 Hungo, Kissanje, Marimba and Dikanza drill holes; Rattle and Xikomba in 1999; Mondo, Saxi and Batuque in 2000; Mbulumbumba, Vicango and Mavacola in 2001; Reco-Reco in 2002; and Clochas, Kakocha, Tchihumba and Bavuca in 2003, the report said.
In the press release, the President of the Board of ANPG, Paulino Jerónimo, recognized the importance of the new event in terms of exploiting the national potential and promoting the productivity and profitability of the sector.
According to ExxonMobil Upstream Company President Liam Mallon, the company’s operations in Angola have seen up to a 74 percent reduction in greenhouse gas emissions since 2016 to date, the ANPG confirmed.
Exploration of Block 15 is managed by Esso Exploration Angola, a subsidiary of ExxonMobil, with a 36 percent stake, British oil company BP (24 percent), Italy’s ENI (18 percent), Portugal’s Equinor (12) and Angola’s Sonangol P&P (10 percent).
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