Angola State oil firm finds gas in Kwanza Basin

*Angola's Kwanza Basin.

*Angola’s Kwanza Basin.

27 June 2016, Luanda – Angolan state oil company Sonangol has discovered gas reserves in the offshore Kwanza basin that it says could total 813 million barrels of oil equivalent in a block in which BP has a stake.

Sonangol said Block 20/11 held an estimated 313 million barrels of condensate and 2.8 trillion cubic feet of gas.

*Herculano Coroado; Olivia Kumwenda-Mtambo; Editing – Ed Cropley – Reuters

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