Angola

Find Demonstrates Chevron's Ongoing Exploration Success in Prolific Block 0

SAN RAMON, Calif., August 7, 2009 - Chevron Corporation (NYSE:CVX) announced today that its affiliate, Cabinda Gulf Oil Company Limited (CABGOC) and its partners, had made a successful discovery in Block 0 located adjacent to the Cabinda coastline in Angola.

The 79-3XST1 discovery well, drilled in March 2009 in 397 feet (120 meters) of water to a total vertical depth of 13,000 feet (3965 meters), encountered over 225 feet of net hydrocarbon pay in the Upper Pinda formation. The well was tested from a single 150 ft. perforated interval and flowed at a rate of 11.6 million cubic feet of natural gas and 2,550 barrels of liquid hydrocarbons per day.    » read more »

27 May 2009 -- Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP Exploration (Angola) Limited today announced the 'Oberon' oil discovery in ultra-deepwater Block 31, offshore Angola.

This is the eighteenth discovery made by BP in Block 31 and is located in the southern portion of Block 31 about 335 kilometres northwest of Luanda and 4.3 kilometres to the north-east of the Dione discovery.

Oberon-1 was drilled in a water depth of 1624 metres and reached a total depth of 3622 metres TVD below sea level. The well test results confirmed the capacity of the reservoir to flow in excess of 5000 barrels/day under production conditions.    » read more »

26 June 2007 -- A new book entitled Poisoned Wells: The Dirty Politics Of African Oil claims Africa's oil has contributed to poverty, corruption and conflict on the continent.

West African nations, including Nigeria, Angola, Gabon and Guinea, produce about 5 million barrels of oil per day, or 15 percent of the oil on the world market. The resource has pumped billions of dollars into the hands of West African governments and multi-national oil companies.    » read more »

(Brussels, May 15, 2007) – In the economic boom since the end of Angola’s civil war in 2002, the Angolan government has forcibly evicted thousands of poor residents of the capital Luanda, usually with violence and almost always without compensation, Human Rights Watch and the Angolan organization SOS Habitat said in a report released today.    » read more »

May 7, 2007 -- “Few African countries are more important to U.S. interests than Angola. The second-largest oil producer in Africa, Angola’s success or failure in transitioning from nearly thirty years of war toward peace and democracy has implications for the stability of the U.S. oil supply as well as the stability of central and southern Africa,” finds a Council-sponsored Independent Commission in a report produced by the Center for Preventive Action.    » read more »