Sonangol Drills Deepwater Duster in Angola's Block 34

N'Demba - 1, the first exploration well drilled in the large 6000 km2 ultra deep Block 34 offshore Angola, has now been plugged & abandoned by the drill ship Deepwater Discovery. The well, which was spudded on March 24 and drilled in 1731 meters water, did not encounter hydrocarbons, but gave valuable information for the further exploration of the block.

The consequences of the well are still under evaluation. Several other prospects have been identified within the block, and the Contractor Group will now consider possible targets for well number two.

Sonangol P&P is the operator with a 20% interest in the block; Norsk Hydro as Technical Assistant has a 30% interest; Phillips has a 20% interest, Petrobras holds 15% and Shell holds the remaining 15%.