Angolan state oil company Sonangol has found oil and natural gas reserves in the basins of the Kwanza and Congo rivers that may total 2.2b boe, MacauHub reported. Those reserves, if they are confirmed, are sufficient to produce 2mb/d for three years and, in this period, allow Angola to reach its production target of 2mb/p.
As the company said in a statement, the discoveries were made in the Lira-1 well of block 15/14 in the Lower Congo basin and Lontra 1 of block 20/15 in the Kwanza basin. The test results confirm the presence of gas and condensate, and estimated post-drilling resources of 139m barrels of condensate and 2.5tcf of gas, for a total of 570m boe.
Sonangol also announced the commercial viability of the Katambi-1 well in block 24/11, in the Kwanza basin, whose production will be shared with BP.