Eni hits ‘major oil discovery’ offshore Angola

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

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

The well was drilled to 4,450 metres TD in 1,636 metres of water about 180 kilometres off the coast. It is 20 kilometres 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 north-west 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%.

Source: Oil & Gas Journal