Energy Tribune- Petrobras Announces Another Oil Find in Angola

Posted on Nov. 18, 2009

By LAHT

Petrobras Announces Another Oil Find in Angola

From LAHT

For the second time in a week, Brazilian state-controlled oil company Petrobras announced Tuesday the discovery of a substantial quantity of crude in deep Atlantic waters off the coast of Angola.

The discovery was made in a block that Petrobras is exploring in partnership with the Sonangol consortium, the Brazilian firm said in a press release.

Though Sonangol holds the concession for Block 18/06, Petrobras, with a 30 percent stake, is the operator.

The oil was found at a depth of 1,500 meters (4,918 ft.) at the Manganes-01 well, located about 200 kilometers (120 miles) from Luanda, Petrobras said.

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.

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