Angola: Vaalco to drill on pre-salt prospect
Issue 279
- 17 Jun 2014
| 1 minute read
Houston-based Vaalco Energy plans a well on the Kindele prospect on Block 5 in Q4. Vice-president exploration David Cameron told Global Pacific & Partners’ Africa Independents’ Forum in London on 3 June that the block was on trend with Cobalt Energy International’s pre-salt discoveries, but exploration had been in limbo for some time following the departure of the previous block partner, Norway’s Interoil, which ran out of money. Sonangol P&P was named in 2012 or 2013 as 40% working interest partner in the block, in which it held 30% alongside BP and StatoilHydro before the block was licensed to Vaalco and Interoil in 2006.
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