Eni reports oil discovery off Angola

Eni says an oil discovery on Block 15/06 offshore Angola opens a new play concept.

Mar 13th, 2019

Eni says an oil discovery on Block 15/06 offshore Angola opens a new play concept.

The Agogo-1 NFW well penetrated a 203-m oil column with 120 m of net pay in Lower Miocene sandstones in subsalt diapirs. Oil is 31° gravity.

The well was drilled to 4,450 m TD in 1,636 m of water about 180 km off the coast. It’s 20 km west of the N’Goma floating production, storage, and offshore vessel (West Hub).

Eni estimates oil in place at 450-650 million bbl.

“The discovery opens new opportunities for oil exploration below salt diapirs in the northwest part of the prolific Block 15/06,” Eni said.

The company said it will study fast-track development.

Agogo is the third commercial discovery in a Block 15/06 exploration program begun last year. Others are Kalimba and Afoxe.

Eni operates the block with a 36.8421% interest. Its partners are Sonangol P&P, 36.8421%, and SSI Fifteen Ltd., 26.3158%.

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