The Mpungi-1 well is the seventh discovery in Block 15/06. It completes the minimum work commitment for this area 18 months in advance of the contractual deadline.

The well was drilled 120 km from the Angolan shoreline in 1,050 metres of water with a total drilling depth of 2,300 metres. It encountered oil pay in both the Upper and the Middle Miocene sand reservoirs.

During the production test, the well has flowed light oil at rates in excess of 6,000 barrels per day (rates were constrained by surface equipment).

Mpungi-1 is the eighth exploration well drilled by the Joint Venture since the block was awarded at the end of 2006. It is the seventh discovery in the block and it completes the minimum work commitment 18 months in advance of the contractual deadline. This was achieved safely (3.7 M hours without LTI), with operational efficiency and within budget.

The well is located about 20 km west of the most recent discovery well Cabaca SE-1. The operator is currently engaged in drilling an appraisal well, the result of which will be important to determine the future of the Mpungi discovery.

Statoil has a 5% share in the discovery. Eni the Operator has  35% share,  while Sonangol E&P is the Concessionaire. The other partners of the Contractor Group are Sonangol Pesquisa e Produção (15%), SSI Fifteen Limited (20%), Total (15%), Falcon Oil Holding Angola SA (5%), Petrobras International Braspetro B.V. (5%)

Statoil has been present in Angola since 1991 and have shares in three producing blocks; Block 4, Block 15 and block 17. Statoil’s combined equity production from these blocks, in 2010 is in excess of 170.000 bopd

(Statoil Press Release)