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Angola: BP Discovered New Oil Field

European oil giant BP Plc discovered an oil field offshore Angola

European oil giant BP Plc discovered an oil field offshore Angola, Africa's second-biggest oil producer after Nigeria, the company said.

The field, which has drilled in a water depth of 2,308 metres, is known as Cordelia-1 and is BP's 14th oil discovery in Block 31.

The well is about 3.5 kilometres southeast of BP's Miranda oil field and has a flow rate of 2,063 bpd.