Total announces that it has made a new significant oil discovery in deep-water Block 14, within the Lower Congo Basin, offshore Angola. Total holds a 20% interest in Block 14 alongside Cabinda Gulf Oil Company Limited, (31%), Sonangol, P. P (20%), Eni (20%) and Galp (9%).The Lucapa-1 discovery well was drilled in 1,201 metres of water to a total vertical depth of 3,340 metres and encountered more than 85 metres of oil in Miocene age sands. The well tested 24-degree API gravity oil from high permeability sand in the main target interval. The discovery will be followed by further appraisal drilling in addition to geologic and engineering studies to appraise the field and assess its potential reserves. The Lucapa discovery is the 10th exploration discovery made in Block 14 since 1997. (www.Oilvoice.com)
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