TotalFinaElf to Begin Deepwater Drilling Program Offshore Angola

TotalFinaElf has announced plans to drill its first deepwater well offshore Angola in mid-October using the semisubmersible, Leiv Eiriksson. The exploration well will be drilled in an area which has yet to yield any discoveries. It is estimated that approximately $2.1 million has been spent by oil majors vying for exploration rights to Angola's deepwater concessions. The first well to be drilled, Guidung-1, is located on Block 32.