Brazil's state-owned oil and gas giant Petrobras announced on Thursday two oil discoveries in Angola. According to the company, the discoveries were made in wells of Nzanza-1 and Cinguvu-1, which are located in Block 15/06, some 350 kilometers northwest of Angola's capital city Luanda. The oil was found in a water depth of some 1,400 meters. Petrobras holds a five percent stake in Block 15/06 while local company Eni Angola a 35 percent stake in it. Other participants in the consortium are Sonangol P&P, with a 15 percent stake, SSI Fifteen Limited, with a 20 percent stake, Total, with a 15 percent state, Falcon Oil Holding Angola AS, with a five percent stake, and Statoil Angola Block 15/06 AS, also with a five percent stake. 