Chevron discovers oil and gas off Angolan coast
August 11, 2009
The Associated Press reports that Chevron Corp. claims its affiliate struck oil and natural gas off the coast of Angola. The second-largest U.S. oil company said its affiliate Cabinda Gulf Oil Co. Ltd. and its partners made the discovery in Block 0 with the 79-3XST1 well, which in March drilled in 397 feet of water to a total vertical depth of 13,000 feet. Cabinda encountered more than 225 feet of net hydrocarbon pay, which is the thickness of the rock that can deliver oil and gas to the well. The well flowed at a rate of 11.6 million cubic feet of natural gas and 2,550 barrels of liquid hydrocarbons per day. Chevron, through Cabinda, has a 39.2 percent interest and is the operator of the Block 0 contractor group, which includes Sonangol EP, Total E&P and ENI Angola Production BV, each with a 41 percent, 10 percent and 9.8 percent stake, respectively.