Angola’s State-Run Sonangol Confirms More Oil And Gas In Major Discovery

Angola’s state-run oil giant Sonangol, recently taken over by the president’s daughter, has announced a gas discovery in the offshore Kwanza Basin that could hold 813 million barrels of oil equivalent, news agencies report.

The discovery is in Block 20/11 and BP Plc holds an interest in this block along with the Angolan state company.According to Sonangol, the block holds an estimated 313 million barrels of condensate and 2.8 trillion cubic feet of natural gas.Despite Angola’s dire economic straits, this is the seventh recent discovery.

https://oilguru.org/2016/06/24/angolas-state-run-sonangol-confirms-more-oil-and-gas-in-major-discovery/