ZAGREB, March 19 (Hina) - Croatian oil company INA and four foreign oil companies have began drilling and searching for oil in the Atlantic ocean, 87 kilometres off the coast of Angola, INA's spokesman Mario Dragun told Hina on
Tuesday.
ZAGREB, March 19 (Hina) - Croatian oil company INA and four foreign
oil companies have began drilling and searching for oil in the
Atlantic ocean, 87 kilometres off the coast of Angola, INA's
spokesman Mario Dragun told Hina on Tuesday. #L#
At the beginning of March, the companies began probe drilling at
Serra do Moco.
INA received the concession by signing an agreement with the Texaco
Exploration Angola Sumbe Inc. last October.
INA, Texaco and Sonancol have 20 percent of shares each, the Esso
company owns 25 percent, and BHP 15 percent.
The first phase of probing should be completed by the end of this
year.
(hina) lml