BP Makes Seventh Discovery In Angola's Ultra-Deepwater

Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP announced the 'Juno-1' oil discovery in the ultra-deepwater Block 31, offshore Angola. Juno-1 is the seventh successful discovery well BP has drilled in Block 31 following Plutao, Saturno, Marte, Venus, Palas and Ceres. The well is located 10 kilometers to the northwest of the recent Palas discovery and 22 kilometers south of the Ceres discovery announced earlier in 2005.

Juno-1 was drilled by the Jack Ryan drill ship in a water depth of 1,601 meters some 165 kilometers off the Angolan coast.

The well was drilled to a total depth of 3,200 meters and tested at a mechanically restricted rate of 2,676 barrels of oil per day through a 28/64 inch choke.

BP is currently studying development concepts for the discoveries in the south-eastern region of the block.

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 TEPA (Block 31) Limited (Total group) 5 percent.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.