Angola discovers offshore gas in first gas-specific exploration well
Found in block 1/14, the Gajajeira-01 well drilled in the lower Congo Basin, encountered gas and condensate-bearing rock, with preliminary estimates suggesting gas volumes could exceed one trillion cubic feet and up to 100 million barrels of associated condensate.
"This is a landmark moment for gas exploration in Angola," Adriano Mongini, CEO of Azule Energy, said in a joint statement.
"The Gajajeira-01 well is the first dedicated gas exploration well in the country, and its success reinforces our confidence in the potential of the Lower Congo Basin."
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The block is operated by Azule Energy (35%) in association with Equinor (30%), Sonangol E&P (25%), and privately owned Angolan company Acrep S.A. (10%).
Source: Reuters
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