ExxonMobil
in Angolan deepwater discovery
Posted: 4June 2003
Exxon Mobil Corporation announced its 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, 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 per cent interest.
The other Block 32 interest owners are Total (operator 30 per cent),
Marathon Oil Company (30 per cent), Sonangol (20 per cent) and Petrogal
(5 per cent).
ExxonMobil has a leading position in nearly all the major exploration
and production areas in the world.
The company is also a leading holder of deepwater acreage in the
world's most attractive deepwater regions, including West Africa
where it has interests in 15 blocks totaling almost 12 million gross
acres.
In Angola, Esso holds interests in six offshore deepwater blocks
covering in excess of 7 million gross acres.
For more information see www.exxonmobil.com.
Posted by Richard Price,
Editor Pipeline Magazine
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