Petrobras Announces Oil Discovery in Deep Waters Off Angola's Coast

Strategic Insights -

Petrobras, Brazil's largest corporation, has announced a significant oil discovery in deep waters off the coast of Angola. The discovery, made by the Sonangol E.P. consortium, in which Petrobras holds a 5 percent stake, marks the second find in Block 15/06, a deepwater Atlantic region. The Cabaca Norte-1 well, located approximately 350 kilometers north of Luanda, produced over 6,500 barrels of oil per day during initial tests.

Key Takeaways:

  • Petrobras, in partnership with Sonangol E.P., has made a significant oil discovery in Block 15/06, located in deep waters off the coast of Angola.
  • The Cabaca Norte-1 well, operated by Eni Angola, produced over 6,500 barrels of oil per day during initial tests.
  • This is the second discovery in Block 15/06, following the first find in the N'Goma-1 well in October 2008.
  • Petrobras, the operator of three exploratory blocks in Angola, has been operating in the country since 1979.
  • Petrobras holds a 5 percent stake in the Sonangol E.P. consortium, which also includes Eni Angola as the operator.
  • Petrobras is one of the world's fastest-growing oil companies, with current daily output exceeding 2.5 million barrels.

Statistics:

  • Depth of the Cabaca Norte-1 well: 2,830 meters
  • Water depth: 500 meters
  • Produced oil per day: over 6,500 barrels
  • Total discovered oil in Block 15/06: unknown (second discovery, but exact amount not specified)
  • Petrobras' current daily oil output: 2.5 million barrels

Sources:

  • EFE (Agencia EFE, S.A.)
  • COMTEX
  • Petrobras' official statement

Note: The exact amount of oil discovered in Block 15/06 and Petrobras' previous output figures are not specified in the provided source.