Eni Makes Major Oil Find Offshore Angola

Wednesday, March 13, 2019

Italian oil major Eni said on Wednesday it has made a major discovery in Block 15/06, in the Agogo exploration prospect, in the deep waters offshore Angola.

The find is Angola's largest offshore discovery in years. Eni said the discovery is estimated to contain between 450 and 650 million barrels of light oil with further upside.

The discovery was made in the Agogo-1 NFW well, located approximately 180 kilometers off the coast and about 20 kilometers west from the N’Goma floating production storage and offloading unit (FPSO). The exploration well was drilled by the Poseidon drillship in a water depth of 1,636 meters and reached a total depth of 4,450 meters, the major said.

The exploration well proved a single oil column of about 203 meters with 120 meters of net pay of high quality oil (31° API) contained in a sub salt diapirs setting in Lower Miocene sandstones with excellent petrophysical properties, Eni said. The data acquired from the well indicates a production capacity of more than 20,000 barrels of oil per day, it added.

The mapping and the drilling of the prospect has been made possible through the use of Eni’s advanced and sophisticated proprietary seismic imaging technologies, it said.

Eni said the discovery opens new opportunities for oil exploration below salt diapirs in the north-west part of Block 15/06.

The Block 15/06 Joint Venture, composed by Eni (operator, with a 36.8421% stake), Sonangol P&P (36.8421%) and SSI Fifteen Limited (26.3158%), will work to appraise the discovery and start the studies to fast track its development.

Agogo is the third discovery of commercial nature since the Block 15/06 Consortium decided to launch a new exploration campaign in 2018, leading to the discoveries of Kalimba and Afoxé.

In Angola, a member of the Organization of the Petroleum Exporting Countries, Eni currently produces about 155,000 barrels of oil equivalent per day. It operates two FPSOs in Block 15/06: N’Goma in West Hub and Olombendo in East Hub produc about 160,000 barrels of oil per day at full capacity. Eni is also operator of the Cabinda Norte Block, located onshore Angola.

Categories: Offshore Energy Deepwater Drilling Activity Oil Africa Discoveries

Related Stories

Tullow Makes Second Discovery Offshore Guyana

Europa Lands High Impact Venture Offshore Morocco

Subsea 7 CEO Will Retire at Year End

Kim Heng Offshore Wins New HDD Contract

Aasta Hansteen Output Can Exceed Max Capacity

P-68 FPSO Ready for Deployment

Another Piece of the Puzzle

Monitoring, and Addressing, Crude Quality in Real-time

Big Data, Security & Remote Ops

Woodside Backs Seismic Data Acquisition Company

Current News

Australia Reviewing Equinor Environmental Plan

Equinor, SSE Win Contract for Largest Offshore Wind Project

Liberator Pilot Well Plugged and Abandoned

Petrofac Sells Mexico Assets to Perenco

Petronas Q2 Profit Rises 8%

Allseas Scores Gyda Platform Removal Job

Monitoring, and Addressing, Crude Quality in Real-time

Dominion to Build Largest US Offshore Wind Farm

Maersk Drilling Rig Extended by Equinor

IUMI Reports Cut in Offshore Insurance Premiums

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week