VIDEO from thenewsmarket.com and Statoil: Statoil Announced New Oil Discovery Offshore Angola
NEW YORK, Nov. 3, 2010 /PRNewswire/ -- See video from Statoil at:
Norwegian-based oil and gas company Statoil announced an oil discovery in the Cabaca South East-2 well in block 15/06, located offshore of Angola. During production tests, the well flowed high quality 34 degrees API degrees oil at rates of about 7,000 barrels/day. Evaluations indicate that the appraisal well has increased the initial estimate of oil in place by 30% and that a second productive hub in the North East area will double the expected production of block 15/06.
The Angolan continental shelf is the largest contributor to Statoil's production outside Norway, having yielded 37 per cent of total international oil and gas output in 2009. Available story package includes general views from Statoil headquarters and still images from the new Cabaca South East-2 well.
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Story Id: 19602
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