Eni Gets 3-Year Exploration Extension for Block 15/06, Angola

Italian oil major Eni announced Monday that it has obtained a three-year extension to the exploration period for its Block 15/06, offshore Angola.

The original exploration period ended in November 2014, so Eni requested an extension in order to complete exploration activities that it had already identified. The three-year plan envisages the drilling of three wells and the acquisition of approximately 375 square miles of 3D seismic data over the block, which is located around 215 miles northwest of Luanda, the Angolan capital.

Eni believes that should the exploration activities prove successful any new discoveries can be developed quickly using existing production facilities. The extension also includes an area adjacent to Block 15/06, which covers the Reco-Reco discovery that is estimated to contain around 100 million barrels of oil in place.

So far Eni has drilled 23 exploration and appraisal wells and discovered more than three billion barrels of oil in place on Block 15/06, which the company acquired in 2006.

Eni CEO Claudio Descalzi commented in a company statement:

"The extension of the exploration period of Block 15/06, which includes the Reco-Reco discovery, recognizes Eni's ability to successfully fulfil the role of operator, one which requires both technological innovation and a high level of operational efficiency. Furthermore, it marks an additional success for Eni in Angola."

Have a news tip? Share it with Rigzone!
Email news@rigzone.com


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)
 -  Proserv Secures Series of Services Dea... (May 23)
 -  BP Urges Engineers to Apply for Trinid... (May 23)
 -  CGG to Support Oman Industry Workers t... (May 23)

Most Popular Articles

From the Career Center
Jobs that may interest you
Operator Assistant
Expertise: Regulatory Compliance|Rig Mover|Wireline
Location: Bakersfield, CA
Operations Coordinator
Expertise: Logistics Management|Operations Management
Location: Sugar Land, TX
Director of Contracting
Expertise: Contracts Engineer|Refinery Specialist
Location: Salt Lake City, UT
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours