Statoil has been testing Angola pre-salt potential in the Kwanza blocks by drilling the commitment wells in block 38 and 39.
Offshore Rig Day Rates
https://www.rigzone.com/data/dayrates/
Statoil has been testing Angola pre-salt potential in the Kwanza blocks by drilling the commitment wells in block 38 and 39.
Offshore Rig Day Rates
https://www.rigzone.com/data/dayrates/
Could $75 bbl have anything to do with the cancellation?
5.56mm
I lost a bundle, percent-wise on HRT Participacoes a year or so ago. Everyone was convinced that the pre-salt features off Angola matched the profile of the Brazilian finds. I guess that drilling by analogy can be dangerous.
Of course, Petrobras is having problems getting oil out profitably from its pre-salt finds but, as I understand,
these wells are veritable gushers. Not so with Angola, at least to date.
the Kwanza basin?........................I’ll send them a card...................