Eni Makes Another Oil Find Offshore Angola



Eni Makes Another Oil Find Offshore Angola
Eni makes a fifth oil discovery deep offshore Angola in Block 15/06.

Eni revealed Monday that it has made a fifth oil discovery deep offshore Angola in Block 15/06, through the Agidigbo-1 NFW well.

Analysis of post drill results at the well indicate between 300 and 400 million barrels of light oil in place, according to Eni. The company said the discovery has further upside that will be proved by an appraisal campaign planned in early 2020. Agidigbo-1 NFW was drilled in a water depth of 902 feet and reached a total depth of 12,467 feet.

This is the fifth discovery of commercial nature since the Block 15/06 joint venture re-launched its exploration effort one year ago, Eni highlighted. It follows the discoveries of Kalimba, Afoxe, Agogo and Ndungu, which was announced last month. The five discoveries altogether are estimated to contain up to 1.8 billion barrels of light oil in place.

The Block 15/06 joint venture comprises Eni, which has a 36.8421 percent operated interest, Sonangol P&P, which has a 36.8421 percent stake, and SSI Fifteen Limited, which holds a 26.3158 percent interest.

Eni has been present in Angola since 1980 and currently accounts an equity production of about 150,000 barrels of oil equivalent per day.

Back in May, Eni revealed that it had made a gas and condensate discovery in CTP-Block 4, offshore Ghana. In March, the company announced a gas discovery in the Nour exploration prospect in the Eastern Egyptian Mediterranean.

Eni is active in 67 countries and employs around 31,000 people, according to its website. The company’s registered head office is in Rome, Italy.



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