Angola: Sonangol declares Cobalt gas find commercial


Issue 327 - 08 Jul 2016 | 1 minute read

Sonangol has declared Cobalt Energy International’s Zalophus-1 well on Block 20 to be a commercial gas discovery. Sonangol said in a statement the Kwanza Basin well was drilled to a depth of 5,210 metres in 1,830 metres of water and encountered a 44-metre hydrocarbon column in the pre-salt. It estimated resources at 2.8tcf of gas, as well as liquids. A deal announced in August 2015 for Cobalt to sell blocks 20 and 21 to Sonangol for $1.75bn has yet to be finalised.

Tagged with:

Pin Resources

Pin Angola

Want to read more?

Subscribe to African Energy

View subscription options

This article is available to registered users

Login

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register