ExxonMobil, Partners Announce New Discovery on Angola Block 15

ExxonMobil, Partners Announce New Discovery on Angola Block 15

ExxonMobil Angola, the National Agency for Petroleum, Gas and Biofuels (ANPG), and the Angola Block 15 partners declared a new discovery at the Bavuca South-1 exploration well.

High-quality, hydrocarbon-bearing sandstone measuring 30 meters (98 feet) was found in the well. It was drilled by the Valaris DS-9 rig about 1,100 meters (3,608 ft) of water around 365 kilometers northwest of the coast of Luanda.

“ExxonMobil is optimizing this resource and delivering value to the people and government of Angola, our Block 15 partners and our shareholders,” said Liam Mallon, president of ExxonMobil Upstream Company. “Our development strategy continues to deliver, providing affordable energy to meet increasing global demand while reducing emissions. In Angola, we have reduced greenhouse gas emissions by 74% since 2016.”

The Angola Block 15 development project includes the construction of the Bavuca South-1 well. ExxonMobil is overseeing the installation of new technology and a multi-year drilling program for the Block as the operator, with the goal of producing about 40,000 barrels of oil per day to assist counteract natural production reductions.
Block 15 has already been the site of 17 discoveries, including those of Hungo, Kissanje, Marimba, and Dikanza in 1998, Chocalho and Xikomba in 1999, Mondo, Saxi, and Batuque in 2000, Mbulumbumba, Vicango, and Mavacola in 2001, Reco Reco in 2002, and Clochas, Kakocha, Tchihumba, and Bavuca in 2003.

Esso Exploration Angola (Block 15) Limited, an ExxonMobil company, is the block’s operator and owns a 36% interest. Sonangol P&P owns 10%, Equinor Angola Block 15 A.S. owns 12%, BP Exploration (Angola) Limited owns 24%, ENI Angola Exploration B.V. owns 18%, and Sonangol P&P owns 12%. The Block 15 Concessionaire is the National Agency for Petroleum, Gas, and Biofuels (ANPG).


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