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Page added on January 21, 2010

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Oil Work Suspended In Angola's North Cabinda After Attack

LONDON -(Dow Jones)- The search for oil in the north of Angola’s Cabinda enclave has been suspended after a recent attack on Togo’s soccer team in the region, a partner in the venture, Soco International PLC (SIA.LN), said Wednesday.

The news underscores how the deadly rebel attack on the players who were heading to the African Cup of Nations tournament in Angola is also affecting efforts to find oil onshore in the region.

“Currently, the seismic acquisition program is suspended following the latest incident, which was not related to the project,” the company said. Chief Financial Officer Roger Cagle confirmed that Soco was referring to the attack against the Togo team.

“No drilling is anticipated in Cabinda in 2010,” Soco said.

Dow Jones Newswires



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