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Sonangol

Sonangol reported that it has found reserves in the Kwanza Basin of Angola that could total 2.2 billion BOE, including reserves in a block jointly owned with BP. Block 24, operated by BP, holds an estimated 280 million bbl of condensate and 8 Tcf of gas, totaling 1.7 billion BOE, Sonangol said in a statement seen by Reuters. Sonangol also said that Block 20, which it operates, is commercially viable and contains an estimated 139 million bbl of condensate and 2.5 Tcf of gas, totaling 570 million BOE.


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