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TOT TotalEnergies SE

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Share Name Share Symbol Market Type
TotalEnergies SE BIT:TOT Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

StatoilHydro: New Discovery In Block 15/06 Offshore Angola

29/10/2009 11:24am

Dow Jones News


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StatoilHydro said Thursday Angolan national oil company Sociedade Nacional de Combustiveis de Angola (Sonangol) and ENI have announced an oil discovery in the Cabaca Norte-1 well in Block 15/06 offshore Angola.

 
   MAIN FACTS: 

-"Although StatoilHydro only holds a 5% stake in block 15/06, this is an important venture for us, enabling us to deepen our knowledge of the deep water reservoir in Angola," says Global Exploration Senior Vice President Tim Dodson.

-"So far this year 6 of 11 wells in Angola have encountered hydrocarbons that should contribute to production...I am convinced that this prolific basin will continue to deliver significant volumes to StatoilHydro for many years to come."

-During production tests, the well produced oil at rates in excess of 6,500 barrels of oil per day.

-Eni has a 35% working interest and is the operator of Block 15/06, with Sonangol E&P the concessionaire. Other partners are Sonangol Pesquisa e Producao (15%), SSI Fifteen (20%), Total (15%), Falcon Oil Holding Angola (5%), Petrobras International (5%) and StatoilHydro (5%).

-By Stockholm Bureau, Dow Jones Newswires; +46-8-5451-3090; djnews.stockholm@dowjones.com

 
 
 
 

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