Chevron Strikes Again Offshore Angola

Chevron announced the discovery of the Tombua field, its seventh significant oil find in Angola's prolific deepwater Block 14.

The discovery, drilled last month by Transocean Sedco Forex's semisubmersible, Sedco 708 in 925 feet of water to a depth of 10,535 feet tested at a maximum combined flow rate of 10,022 barrels per day of high-quality, 39-degree API gravity crude from two separate zones. The discovery will be followed by geologic and engineering studies to appraise the field and assess its potential reserves.

The Tombua discovery, which lies approximately 19 miles south of the Kuito field, is the latest in a string of exploration successes in Block 14. Tombua follows six earlier discoveries in the highly prospective exploration block including: Kuito (1997), Landana, Benguela and Belize (1998), and most recently Tomboco and Lobito, discovered in 2000. The Kuito field was Angola's first deepwater discovery and the first and only deepwater field to be brought on to production.