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Angola's state oil firm says finds offshore reserves

Thu, 14th Apr 2016 14:31

LUANDA, April 14 (Reuters) - Angola's state oil companySonangol said it has found oil and gas reserves in the Kwanzabasin that could total 2.2 billion barrels of oil equivalent,including in a block it jointly owns with BP.

Block 24, operated by BP, holds an estimated 280 millionbarrels of condensate and 8 trillion cubic feet of gas,totalling 1.7 billion barrels of oil equivalent, Sonangol saidin a statement seen by Reuters on Thursday.

Sonangol said that Block 20, which it operates, is alsocommercially viable and contains an estimated 139 millionbarrels of condensate and 2.5 trillion cubic feet of gas,totalling 570 million barrels of oil equivalent. (Writing by Joe Brock; Editing by James Macharia)

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