Ver Angola

Energy

Eni announces new oil discovery in Block 15/06

Italian oil company Eni announced the discovery of a new deepwater light oil well in Block 15/06, estimating reserves of between 200 and 250 million barrels of oil at the site.

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"Eni made a new discovery of light oil in Block 15/06, in deep waters of the Angolan offshore [offshore]. The well was drilled in the exploration prospect of Cuica, in the Cabaça Development Area", the oil company said in a press release.

The Cuica-1 NFW well was drilled as a "diversion well by the Libongos drilling rig" in deep water of 500 meters, having reached a total vertical depth of 4100 meters.

"The discovery well will be diverted in order to be placed in an ideal position as a producing well," explained the oil company, who said that "the results of the intensive data collection indicate an estimated production capacity of 10,000 barrels of oil per day" .

ENI added that this is the second "significant discovery" of oil within the Development Area of ​​the Cabaça field and "confirms the commitment of the contracting group of Block 15/06 to leverage a legal framework favorable to additional exploratory activities within existing Development Areas. ".

ENI also said that the Cuica-1 NFW well was "the result of the ILX [infrastructure-led exploration] strategy", adding that "the location of the wellhead, intentionally placed close to the FPSO facilities [floating production unit] of oil] in the East Pole, will allow a quick connection of the exploration well to the relevant production ".

After the discoveries of the Kalimba, Afoxé, Ndungu, Agidigbo, Agogo wells and the evaluation wells carried out between 2018 and 2020, the Cuica well represents the first commercial discovery in Block 15/06 since the restart of the exploration campaign activities - interrupted due to the covid-19 pandemic.

Angola, concludes in the statement, "plays a key role in Eni's organic growth strategy, present in the country since 1980", with a current production quota of around 120,000 barrels of oil equivalent per day.

In addition to Block 15/06, Eni currently operates Block 1/14 ('offshore' in the Lower Congo Basin), and the Cabinda Norte and Cabinda Centro ('onshore') blocks, "with the aim of increasing" its areas operated with Block 28 offshore in the Namibe Basin ".

ENI Angola has been the operator of Block 15/06 since 2006, with a 36.84 percent share, with the other partners being Sonangol, with 36.84 percent, and SSI Fifteen, with 26.32 percent.

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