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 Makes Third Gas Discovery In Egypt's North Damietta Concession (Mar 26)
 - Unite Expresses Concern Over Possible Forties Pipeline System Sale (Mar 17)
 - BP Appoints New Heads Of Production, Drilling As Output Set To Jump (Mar 16)
 Company: Exxon Mobil Corporationmore info


 - Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce (Mar 22)
 - Oil Giants Upending Shale Turf Where Wildcat Drillers Once Ruled (Mar 21)
 - ExxonMobil Agrees to Buy 25% Stake in Mozambique's Area 4 Block (Mar 9)
 Company: Statoilmore info


 - Statoil Exec: Effective Leaders Should Empower People and Machines (Mar 24)
 - Statoil Makes North Sea Oil, Gas Discovery (Mar 24)
 - Gulf Of Mexico Lease Sale Nets $315M in Bids, Feds Suggest Trump Bounce (Mar 22)
 Company: Total S.A.more info
 - Total Starts Up Moho Nord Deep Offshore Project (Mar 15)
 - Chevron Commences Oil, Gas Production from Angola Project (Mar 9)
 - Oil Majors Still Years From Repairing Balance Sheets After Price War (Mar 8)
 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
 - Angola's Sonangol Cuts Debt, Output To Slip Without Investment - FT (Dec 20)
 - Sao Tome To Terminate Oil Block With Sinopec-Sonangol Joint Venture (Dec 7)
 - Analyst: Angolan Gas Discovery Has At Least Decade Before it Comes Online (Nov 11)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles


Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours