BP Makes Second Ultra-Deepwater Discovery Offshore Angola

Sonangol and BP have made an ultra-deepwater discovery in Block 31, Saturno-1, offshore Angola. This is the third exploration well BP has drilled in Block 31, and the second successful discovery following the Plutao discovery announced last September.

The Saturno-1 was drilled by the semi-submersible drilling rig, the Leiv Eiriksson, in 1,804 meters water depth some 170 kilometers off the Angolan coast and reached a total depth of 4,707 meters below sea level.

Further work will be needed to evaluate the full extent of the Saturno discovery. It lies some 14 kilometers to the northeast of the Plutao discovery. Saturno flowed at 5,000 barrels a day during tests.

Block 31 and its operatorship was awarded in 1999 by Angola's state oil company Sonangol to BP with a 26.67 percent equity together with its partners 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 Block 31 Limited 10 percent and EPA (Block 31) Ltd (a member of the Total group of companies) 5 percent.

Block 31 covers an area of 5,349 square kilometers and lies in water depths of between 1,500 and 2,500 meters.
Related Companies
 Company: BP plcmore info


 - BP Says It Is Considering IPO of US Pipeline Assets (Jul 18)
 - Total, BP Unit, YPF Boost Investment in Argentina's Vaca Muerta (Jul 18)
 - Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet? (Jul 18)
 Company: Exxon Mobil Corporationmore info


 - Exxon Fined for Russia Sanctions Violations Under Tillerson (Jul 20)
 - Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet? (Jul 18)
 - ExxonMobil Says Will Drop Discussions Over Indonesia's East Natuna (Jul 18)
 Company: Statoilmore info


 - Greenpeace Activists Protest Near Oil Rig In Norway's Arctic Sea Area (Jul 21)
 - Canada's LNG Failure Is Its Own Fault, Seven Gen Founder Says (Jul 17)
 - Suriname Signs Offshore Oil Deals with Exxon, Hess and Statoil (Jul 14)
 Company: Total S.A.more info
 - Total, BP Unit, YPF Boost Investment in Argentina's Vaca Muerta (Jul 18)
 - Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet? (Jul 18)
 - S.Korea's Hanwha Total Says Naphtha Cracker Shut After Lightning Strike (Jul 17)
 Company: Marathon Oil Companymore info


 - RoyalGate to Drill New Well in Equatorial Guinea's Block Z (Sep 25)
 - ShaMaran Subsidiary to Contest TAQA Default Notice (Sep 21)
 - Marathon, OMV Hand Back Croatia Oil Exploration Licences (Jul 29)
 Company: Sonangolmore info
 - US Oil Firm Cobalt Files For Arbitration Against Angola For $2B (May 12)
 - US Firm Cobalt Threatens Arbitration Over Angolan Oil Assets (Apr 3)
 - Angola's Sonangol Cuts Debt, Output To Slip Without Investment - FT (Dec 20)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles


Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours