ExxonMobil Makes Deepwater Find on Block 32 Offshore Angola

ExxonMobil's subsidiary, Esso Exploration Angola (Block 32) Limited, has participated in a deepwater oil discovery on Block 32 offshore Angola.

The discovery well, named Gindungo-1, was drilled in 4,700 feet (1,445 meters) of water. The well flowed at 7,400 and 5,700 barrels per day from two separate zones. It is the first exploration well on Block 32, which is located approximately 102 miles (165 kilometers) offshore Angola. Sonangol, the Angolan national oil company, is the concessionaire of the block and Esso has a 15 percent interest. The other Block 32 interest owners are Total (operator 30 percent), Marathon Oil Company (30 percent), Sonangol (20 percent) and Petrogal (5 percent).