Eni has made a new oil discovery in Angola’s deep offshore - its fifth in the past year - Italian major said in a statement on Monday, noting that the African country is "strategic" to the company's growth.
The well has been drilled on the Agidigbo exploration prospect of Block 15/06 and analysis of post drill results indicate between 300 and 400 million barrels of light oil in place, said the statement.
The Agidigbo-1 NFW has been drilled by the West Gemini drillship in a water depth of 275 meters, and reached a total depth of 3800 meters. The hydrocarbons are contained in the Lower Miocene sandstones with good petrophysical properties.
The discovery has further upside that will be proved by an appraisal campaign planned in early 2020, according to the statement.
Due to its proximity to East Hub’s facilities and subsea network, which are about 10km away, production from Agidigbo can be fast-tracked, thus extending the Armada Olombendo FPSO production plateau, the statement said.
Agidigbo is the fifth commercial discovery of since the Block 15/06 Joint Venture re-launched its exploration effort one year ago, the statement noted.
It follows the discoveries of Kalimba, Afoxé, Agogo and Ndungu. The five discoveries altogether are estimated to contain up to 1.8 billion barrels of light oil in place with possible upside.
The Block 15/06 Joint Venture is composed by Eni (operator, 36.8421%), Sonangol P&P (36.8421%) and SSI Fifteen Limited (26.3158%).
"Angola is a strategic country for Eni’s organic growth," the statement underlined.
Eni has been present in Angola since 1980 and currently accounts an equity production of about 150,000 barrels of oil equivalent per day. In Block 15/06 the two oil development projects, West Hub and East Hub, currently produce about 155,000 barrels of oil per day (100%).
Eni is also operator of Cabinda Norte Block, located onshore, the statement concluded.
