Eni confirms Agogo find, plans production

While confirming northward extension of its Agogo oil discovery offshore Angola, Eni SPA said it will start production from the field before yearend (OGJ Online, Mar. 13, 2019).

The first appraisal well, Agogo-2, cut 58 m of 31º gravity oil in Miocene and Oligocene sandstones exhibiting what Eni described as “excellent petrophysical characteristics.”

The Ocean Rig Poseidon drillship drilled the highly deviated well to 3,949 m TD in 1,700 m of water 3 km northwest of the Agogo-1 discovery well.

Like Agogo-1, the appraisal well found hydrocarbons below salt diapirs. Eni said it confirms 650 million bbl of oil in place and indicates further potential in the northern part of the field.

It estimated production potential at more than 15,000 b/d of oil and said it plans further appraisal of the discovery.

First production will be tied back to the N’Goma floating production, storage, and offloading vessel about 23 km away as well as on Block 15/06.

Eni operates the block with a 38.8421% interest. Sonangol P&P has 36.8421%, and SSI Fifteen Ltd. has 26.3158%.