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Eni makes oil discovery off Angola

14 maggio 2019 | 14.38
LETTURA: 2 minuti

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Italian energy giant Eni has made a new light oil discovery in Block 15/06, on the Ndungu exploration prospect in Angola’s deep offshore, continuing a series of African finds, Eni said in a statement.

The new discovery is estimated to contain up to 250 million barrels of light oil in place, with further resources upside, said the statement.

Ndungu is the first significant oil find in Angola inside an already existing Development Area, according to the statement.

The result of the intensive data collection indicates a production capacity in excess of 10,000 barrels of oil per day.

The Ndungu-1 NFW well is the fourth commercial discovery in the area since Eni relaunched its Block 15/06 exploration campaign in mid-2018, following the Kalimba, Afoxe and Agogo discoveries, which are estimated to contain up to 1.4 billion barrels of light oil in place, the statement said.

The well is located a few kilometers from Eni’s West Hub facilities, and was drilled by the Poseidon drillship in a water depth of 1,076 meters and reached a total depth of 4,050 metres, said the statement.

The Block 15/06 Joint Venture containing Eni (operator, 36.8421%), Angolan state-run oil company Sonangol P&P (36.8421%) SSI Fifteen Limited (26.3158%), will work to fast track its development, Eni said.

"Angola is a strategic Country for Eni’s organic growth.

Eni has been present in the Country 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.

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