
RIO DE JANEIRO – Brazilian state-controlled energy giant Petrobras announced on Wednesday that a consortium to which it belongs has made an oil discovery in deep waters off the coast of Angola.
Petrobras said in a statement that the find is the second discovered in Block 15/06, a deepwater Atlantic region that was granted in concession to the Sonangol E.P. consortium. Eni Angola operates the block with a 35 percent stake, while Petrobras holds a 5 percent stake.
The find was made in the Cabaca Norte-1 well, which is located close to 350 kilometers (217 miles) north of Luanda and was drilled to a water depth of 500 meters (1,640 feet) and a total depth of 2,830 meters, the statement read. During initial tests, the well produced more than 6,500 barrels of oil per day.
The first discovery in Block 15/6 was made in October of last year at the N’Goma-1 well, which required drilling to a water depth of 1,421 meters and a total depth of 3,383 meters.
Petrobras has operated since 1979 in Angola, where it is the operator of three exploratory blocks and is a partner in consortiums that are exploring another three blocks.
Petrobras, whose current daily output exceeds 2.5 million barrels and is one of the world’s fastest growing oil companies, currently operates in Brazil, Argentina, Bolivia, Nigeria, Colombia, Peru, Venezuela, the United States, Ecuador and Angola.
Petrobras is an integrated energy company and a global leader in deepwater oil exploration and production.
Shares of Petrobras, Brazil’s largest corporation, trade on the Sao Paulo, New York, Madrid and Buenos Aires stock exchanges, but the Brazilian government retains control through a golden share. EFE