Cabinda: Oil Exploration Continues
An Australian oil company has announced the launch of a US$54 million onshore oil exploration project in Cabinda, a region that has long been of interest to foreign oil companies.
Below are extracts from an article published by Macauhub.
Australian oil company Roc Oil announced Tuesday [13 June 2007] in
The company said in a statement that on June 9 it had begun exploration work on the Massambala-1 well, the first of at least five to be opened in the Cabinda Sul bloc.
The work is expected to see results in August, the company noted.
Start of operations on the ground, it added, was delayed due to "problems in obtaining a platform."
Roc Oil has 60 percent of the consortium, Sonangol 20 percent and Force the remaining 20 percent.