Maersk makes discovery offshore Angola

Maersk_AngolaMaersk Oil and its partners have declared the Azul-1 deepwater exploration well a discovery well. Maersk Oil and its partners have declared the Azul-1 deepwater exploration well a discovery well

The Azul-1 well, located in Block 23 in the Kwanza Basin, is the first to penetrate pre-salt objectives in Angolan deepwater. The well was drilled in water depths of 923 m and reached a final depth of 5,334 m.

The condition of the well prevented an assessment of flow capacity by a conventional test. This was performed as a mini-Drill Stem Test that enabled the recovery of two good quality oil samples.

The preliminary interpretation of the data indicated a potential flow capacity greater than 3,000 bpd of oil. Taking into account these encouraging results, Maersk Oil will further evaluate the results of this discovery and will proceed with exploration work in the block. Sonangol E.P. is the block Concessionaire. Maersk Oil is operator of Block 23 with a 50 per cent working interest with partners Svenska and Sonangol P & P.

"We are encouraged by the results of our first pre-salt exploration well in this region, which was also the first ever deep water well targeting pre-salt reservoirs in the Kwanza Basin,” said Lars Nydahl Jorgensen, Head of Exploration at Maersk Oil. “The result may be a further step towards our goal of building up a significant business in Angola. There is substantial evaluation work ahead of us to determine whether the discovery is enough to invest further to get production going.

"This will be done by, amongst other things, state of the art reprocessing of seismic data. Fully appraising the discovery will take several years and it is far too early to guess the outcome.”

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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