According to a statement from Angola's National Agency of Oil, Gas, and Biofuels (ANPG), a discovery was made in the Bavuca Sul-1 exploration well, which is part of the Block 15 redevelopment project.
The document notes that the well encountered 30 meters (98 feet) of high-quality sandstone containing hydrocarbons, having been drilled through a water sheet of 1,100 meters (3,608 feet) by the Valaris DS-9 drillship.
"As the Block operator, ExxonMobil is implementing new technologies and a multi-year drilling program, expecting to produce approximately 40,000 barrels of oil per day, which will . . .