Drilling Report

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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