Angola well woe for Statoil

Stena Carron: Moving on to next wildcat

Statoil has failed to hit hydrocarbons at its latest exploration well off Angola.

The Dilolo-1 well in Block 39 is now being plugged and abandoned after the operator found a dry hole.

Further studies are being carried out to fully understand the results of the well to use as a reference for other prospects on the offshore tract.

The well was testing a carbonate play at about 5200 metres. It was expected to cost more than $200 million.

Joint venture partner Genel Energy revealed that the drillship Stena Carron has now moved to Block 39 to spud the Jacare-1 exploration well.

Statoil recently farmed down its interest in Block 39, selling off a 10% interest to Colombia's Ecopetrol.

The interests in Block 39 are Statoil as the operator with 37.5%, Total on 7.5%, a Genel-White Rose parternship with 15%, Ecopetrol on 10% and Sonangol P&P with 30%.

The Block 38 partners will be Statoil on 45%, Genel-White Rose on 15%, Ecopetrol on 10% and Sonangol P&P with 30%.

The companies said that, while there had been no discoveries on Block 39, it held multi-billion barrel prospectivity in a working hydrocarbon system.

Six discoveries lie elsewhere in the Kwanza basin close to the licences, including the trio of finds Cobalt International made with its Lontra, Cameia and Orca wildcats.

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