Bloomberg News

Maersk Strikes Oil at Angola’s First Pre-Salt Deepwater Well

January 04, 2012

Jan. 4 (Bloomberg) -- Maersk Oil, the Nordic region’s second-largest producer, reported the first discovery in Angola’s deep-sea pre-salt region.

The Azul-1 well in the Kwanza Basin was drilled to a depth of 5,334 meters (17,500 feet) and was found to have a potential capacity of more than 3,000 barrels a day, Copenhagen-based Maersk said today in a statement.

“The condition of the well prevented an assessment of flow capacity by a conventional test,” the oil unit of A.P. Moeller- Maersk A/S, Denmark’s biggest company, said. The test that was carried out “enabled the recovery of two good quality oil samples.”

BP Plc and Statoil ASA were among oil producers that were awarded rights last month to explore for oil and gas in Angola’s pre-salt blocks, which may share the same characteristics as fields found in Brazil. Drilling pre-salt wells is technically challenging because the deposits lie below a layer of salt, which are difficult to penetrate and identify potential oil fields.

Svenska Petroleum Exploration AB and Angola’s state-owned oil company Sonangol EP are Maersk’s partners in the Azul-1 well.

--Editors: Stephen Cunningham, Ana Monteiro.

To contact the reporter on this story: Eduard Gismatullin in London at egismatullin@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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