Fossil Energy
On Thursday, Angola’s state-owned oil company Sonangol announced that the Katambi-2 offshore appraisal well had crossed two productive intervals and confirmed high-quality reservoirs.
Initial tests recorded a stabilised production rate of 41 million standard cubic feet (MMscfd) of gas and 1,160 barrels per day (bpd) of condensate in the Block 24 well.
The absence of water and hydrogen sulphide strengthens the economic viability of developing the discovery and its potential to bolster national production, which hovers around 1 million bpd.
Preliminary tests showed that the well has the potential to produce more than 100 MMscfd.
Katambi-2 is close to Katambi-1, a wildcat well that was drilled by BP (BP.L) more than a decade ago in the Benguela Basin. The oil major subsequently relinquished its stake to the state after determining that it was not commercially viable.
At the time, Sonangol estimated that the pre-salt discovery held around 1.7 billion barrels of oil equivalent, primarily gas and condensate.
