1 July 2004
Angola: fourth ultra-deep find for BP
BP MADE its fourth discovery in ultra deep-water Block 31 last month and said it is exploring development concepts for the northern part of the block. The Venus-1 well, drilled in 2,000 metres of water, 'encountered three oil-bearing reservoirs', the firm said. Test results were not released. Venus, about mid-way between the Marte and Saturno discoveries, is likely to be the hub for a multi-field development. Marte lies 13-km northwest of Venus and Saturno is 11-km southeast, while the first discovery in the block, Plutão, is 16 km southwest of Venus. Plutão, discovered in September 2002, lies in 2,020 metres of water, while Saturno and Marte were found in July and November last year, respec
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