Eni Strikes Oil Offshore Angola
Eni and Sonangol have discovered an oil accumulation in the Cabaca South East-1 well in Block 15/06, located offshore Angola. The well, located at a depth of 1,542 feet (470 meters), reached its multi-targeted objective in the deepest levels of Miocene age, where oil-bearing reservoirs, with a total of 1,476 feet (450 meters) of gross thickness, were proven. Reportedly, preliminary evaluations indicate that the discovery holds material volumes of oil in place of high quality; and the discovery confirms the potential for a second productive hub in the northeastern area of the block. Current engineering studies and activities prior to the development of West Hub will provide guidance for a second production center, East Hub, which will double production from Block 15/06. Serving as operator of the block is Eni, holding a 35% working interest. Other partners in the block are Sonangol Pesquisa e Producao (15%), SSI Fifteen Limited (20%), Total (15%), Falcon Oil Holding Angola SA (5%), Petrobras International Braspetro B.V. (5%) and Statoil Angola Block 15/06 Award AS (5%).SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
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