ExxonMobil, ANPG Notch 20th Discovery in Angola's Block 15

ExxonMobil Just Made Its 20th Discovery in a Block That's Produced 2.7 Billion Barrels. Here's What It Means for XOM Stock.

The latest discovery aligns well with management's stated aim of achieving 17% return on capital employed by 2030.

New oil discovery made offshore Angola

Angola’s National Oil, Gas and Biofuels Agency (ANPG) and US oil and gas corporation ExxonMobil have made a new oil discovery at the Vicango Este-01 exploration well offshore Angola, ANPG’s press service said on 9 September.The discovery was...

ExxonMobil makes 20th oil discovery in Angola block that has produced 2.7 billion barrels

ExxonMobil has made the twentieth oil discovery in an offshore Angola block that has already produced more than 2.7 billion barrels over three decades.

Exxon and partners announce oil discovery offshore Angola (XOM:NYSE)

Exxon Mobil and its partners in Angola's offshore Block 15 ‌said they made a new oil discovery at the Vicango Este-01 exploration well.

ExxonMobil, ANPG Notch 20th Discovery in Angola's Block 15

Angola's National Oil, Gas and Biofuels Agency, ExxonMobil and its Block 15 partners confirmed a new oil discovery at the Vicango Este-01 well on Wednesday, the deepwater block's 20th find since production began. Some 370 kilometers (230 miles) northwest of Luanda, the well was drilled to 940 meters, encountering 25 meters of high-quality, hydrocarbon-bearing sandstone, according to a joint company statement, as reported by CNBC. Block 15 has pr…