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The National Angolan Fuel Company (Sonangol) and BP-Amoco have announced the discovery of a new oil well 185 km off the Angolan coast, state media reports said on Monday.
The new Galio-1 well was discovered at a depth of 238 metres. “According to an official source,” the official Angop news agency said, “preliminary results revealed a significant oil deposit, with a daily output of 4,770 barrels.” It said further tests were underway to determine the size of the deposit.
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