See also:
» 02.07.2010 - Angola drilling ever deeper, hoping for the best
» 25.03.2010 - Angola attaches welfare to biofuel law
» 11.12.2009 - Sudan and Angola strike a deal with Vietnamese group
» 27.10.2009 - Govt's investments in infrastructure drive Angola's industry
» 21.08.2009 - SA and Angola sign trade and development deals
» 07.05.2009 - Electricity sectors in Angola and Mozambique ripe for investment, report
» 30.03.2009 - Angola estimates $75 per barrel in 2009
» 16.01.2009 - OPEC could cut more oil production











China wholesale online through DHgate.com


Houlihan's coupons


Finn autentiske matoppskrifter fra hele verden på Verdensmat.no:
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares


Autentiske matoppskrifter fra hele verden finner du på Verdensmat.no:
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike


Angola | Congo Brazzaville
Economy - Development

Oil discovery in shared Angola-Congo zone

afrol News, 12 October - A new "significant discovery" of oil in the shared deepwater zone between Congo Brazzaville and Angola's Cabinda exclave was announced today. The deepwater block in the Gulf of Guinea is operated by the oil multinational ChevronTexaco and smaller Angolan and Congolese companies.

ChevronTexaco today announced what the company called "a significant discovery at the Lianzi-1 exploration well in the deepwater area between the republics of Angola and Congo." This is the first major oil discovery in the promising offshore area that recently was announced as a shared zone between the governments of Congo Brazzaville and Angola. The deepwater zone is localised offshore Angola's troubled Cabinda exclave.

The Lianzi-1 exploration well had been drilled at a water depth of 909 meters, according to the oil company. The well there had encountered two oil bearing reservoirs and "a drill stem test of one of the intervals flowed at a rate of more than 5,000 barrels of oil per day," the ChevronTexaco statement said.

The well at Lianzi-1 had found geological strata similar to operating deepwater fields in Angola; the Landana discovery of 1998 and the Tombua discovery of 2001. This, according to the oil companies, proves the excellent chances of making even more discoveries in the deepwater zone offshore Congo and Angola.

George Kirkland, President of ChevronTexaco Congo, today commented that "the Lianzi discovery is yet another addition to a number of excellent deepwater prospects in the region. These discoveries will provide a series of developments in the future and fuel production growth. This discovery speaks to the success of our strategy of focusing our exploration program on core, high-impact opportunities," he added.

Jim Blackwell, managing director of ChevronTexaco's Cabinda Gulf Oil Company commented that the company had long been "optimistic about the exploration opportunities" in the shared zone and "this find helps to justify that optimism. The next step will be to complete several geologic and engineering studies to fully assess the field's size, reserves potential and possible development options," said Mr Blackwell.

The shared unit covers the portions of "14K" - a major Angolan (Cabinda) deepwater prospect - and the "A-IMI" prospect, lying within the limits of the Congo's Haute Mer permit. It incorporates the area along the maritime border between the two countries.

The Angolan-Congolese shared zone of 696 square kilometres is a result of protocol and participation agreements signed by Angola and Congo Brazzaville in September 2001 and March 2002, respectively. The two countries agreed to share revenues equally (50/50) for each block; both Congo's Haute Mer and Angola's Block14.

The establishment of the joint zone marked a major advance in Brazzaville-Luanda relations, both economically and regarding the conflict in Cabinda, which is now coming towards a solution. The good neighbourly relations were today also emphasised by a state visit of Congo Brazzaville's Minister Henri Jombo, who was received by Angolan President José Eduardo dos Santos in Luanda today.

ChevronTexaco, through its affiliate companies, holds a total interest in the discovery of 30.5 percent and Chevron Overseas Congo is the operator of the unit. Other participants in the two blocks include Angola's Sonangol (10.0 percent), Congo's SNPC (7.5 percent), Total (35.5 percent), ENI (10.0 percent), GALP Exploracão (4.5 percent) and Energy Africa (2.0 percent).



- Create an e-mail alert for Angola news
- Create an e-mail alert for Congo Brazzaville news
- Create an e-mail alert for Economy - Development news


 
    Printable version


On the Afrol News front page now

Rwanda
Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Guinea
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.



front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at mail@afrol.com