São Paulo – Odebrecht Oil and Gas, an arm of the Odebrecht Organization, discovered oil off the coastline of Angola, in Africa. The discovery took place at the Chissonga-1 well, located in Bloc 16, at a depth of 4,725 metres. Tests point to a flow rate of 6,850 barrels of oil per day, according to information disclosed by the company.
This is the first drilling in a program that forecasts exploration of three wells this year, year by a consortium comprised of Maersk Oil (50% and operator), Sonangol (20%), Odebrecht Oil and Gas (15%) and Devon Energy Corporation (15%). The consortium has been operating in the region since 2002.
With the finding in Angola, the company consolidates the resumption of investment in Exploration & Production of Oil and Gas. In early 2008, Odebrecht Oil and Gas announced the commercial availability of the first exploratory well at Bloc POT-T-612 in the Potiguar Basin (Carcará Field), in the northern Brazilian state of Rio Grande do Norte.
In addition to the Exploration & Production segment, Odebrecht Oil and Gas provides integrated services and operates oil platforms, providing services for the industry. The company is present in Brazil, Angola, the United Kingdom, the United Arab Emirates, South Korea and Venezuela.
*Translated by Gabriel Pomerancblum
