Project Profile
Location: Kwanza Basin, Angola
Area: 14,000 sq. km
Depth: 1,500-2,500m
Blocks 38 and 39 are situated in the Kwanza Basin and cover an area of 14,000km2 in water depths of 1,500-2,500m. The exploration licences hold multi-billion barrel prospectively and represent a relatively low risk, high impact near-term exploration opportunity. The play was de-risked by exploration drilling in Angola and in the directly analogous Santos and Campos Basins offshore Brazil. A working hydrocarbon system has already been established in the Kwanza Basin through the Cameia, Lontra, Mavinga, Bicuar and Azul discoveries, which are located on licences directly adjacent to Blocks 38 and 39.
The Stena Carron drillship was been contracted for a drilling programme which commenced in June 2014 with the spudding of the Dilolo prospect. This failed to discover hydrocarbons. The exploration licence for Block 39 expired in December 2016.
The exploration well on the Jacare prospect on Block 38 offshore Angola spudded in mid-September 2014.
Operators:
Block 39
Statoil: Operator with 100% interest
Total: 7.5% interest
WRG: 15% interest
Ecopetrol: 10% interest
Sonangol P&P: 30% interest
Block 38
Statoil: Operator with 45% interest
WRG: 15% interest
Ecopetrol: 10% interest
Sonangol P&P: 30% interest
Contractors:
Stenna Drilling: Contract for Stena Carron drillship (June, 2014)