BP Amoco PLC
22 May 2000
BP AMOCO THIRD OPERATED OIL DISCOVERY IN ANGOLA
BP Amoco announced today the 'Galio' oil discovery offshore Angola. This is
the third exploration well BP Amoco has drilled in Block 18 and the third
successive discovery.
The well was tested at 4,770 barrels a day (b/d) of 34 degrees API oil.
Although further work will be needed to evaluate the full extent of Galio, the
preliminary results indicate the possibility of a significant oil
accumulation.
Block 18 and its operatorship was awarded in 1996 by Sonangol (Angola's State
Oil Company) to Amoco Angola B.V. (a wholly-owned subsidiary of BP Amoco) with
50 per cent equity and to Shell Development Angola B.V. with 50 per cent
equity.
Galio 1 was drilled in 1,238 metres water depth some 185 kilometres off the
coast. The two earlier discoveries on the block, 'Platina' and 'Plutonio',
were drilled in 1999. Platina was drilled in 1,400 metres water depth and
tested oil at 6,500 b/d in May. Plutonio was drilled in 1,362 metres water
depth and tested oil at 5,700 b/d in July.
Notes to Editors:
BP Amoco has several licence interests in Angola's deep water, including two
operated-blocks and four non-operated blocks. BP Amoco expects its first
Angolan oil to be produced in 2001 from the Elf-operated Girassol field
development on Block 17. If BP Amoco develops its Block 18 operated
discoveries, it would expect to produce its first operated oil in about four
years.
Although BP Amoco may have no production in Angola as yet, the company has
already been actively supporting community projects for some years. BP Amoco
and the United States Agency for International Development made contributions
totalling $7 million in a first ever public-private sector partnership
initiative to help alleviate humanitarian suffering across central Angola,
providing more than 15,000 tonnes of food aid and requisite logistical
assistance to populations around the war-ravaged cities of Huambo and Kuito.
BP Amoco works with the British-Angola Forum, a grouping which encompasses
NGOs, at Chatham House, as well as with a number of individual NGOs and
conducts a large amount of community work in Angola to help meet basic human
and developmental needs. The company's range of community-support initiatives
include a centre for homeless boys in Luanda, an orphanage in Lubango, and a
series of Red Cross health posts in Benguela, dispensing medical aid and
services to thousands of people. BP Amoco also supports a major community
health and education programme plus an artisanal fishing project in Ambriz, a
water delivery project for farmers in Ramiro and a de-mining programme run by
Norwegian People's Aid.
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