Ceres-1 was drilled by the semi-submersible drilling rig, the Leiv Eiriksson, in 1,633 meters water depth some 360 kilometers north west of Luanda, Angola and reached a total depth 4,334 meters below sea level. The well tested at a maximum rate of 5,844 barrels of oil a day through a 44/64 inch choke. Further work is ongoing to evaluate the size of the discovery.
Sonangol is the concessionaire of Block 31. BP as Operator holds 26.67 per cent. Partners in Block 31 are Esso Exploration and Production Angola (Block 31) Limited. (25 percent), Sonangol E.P. (20 percent), Statoil Angola A.S. (13.33 percent), Marathon Petroleum Angola, Limited (10 percent) and TEPA (BLOCK 31), Limited, (a subsidiary of the Total Group) with 5 percent.
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