Major oil discovery for Eni offshore Angola

Source: press release, 13 March 2019

Eni has been present in the Angola since 1980
Eni has been present in the Angola since 1980 (photo: Eni)

Eni has announced a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water. The new discovery is estimated to contain between 450 and 650 million barrels of light oil in place with further upside.

The Agogo-1 NFW well, which has led to the discovery, is located approximately 180 kilometres off the coast and about 20 kilometres west from the N’Goma FPSO (West Hub). The well was drilled by the Poseidon drillship in a water depth of 1,636 metres and reached a total depth of 4,450 metres.

Agogo-1 NFW proved a single oil column of about 203 metres with 120 metres of net pay of high quality oil (31° API) contained in a sub salt diapirs setting in Lower Miocene sandstones with excellent petrophysical properties. The data acquired in Agogo-1 NFW indicate a production capacity of more than 20,000 barrels of oil per day.

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.

The discovery opens new opportunities for oil exploration below salt diapirs in the north-west part of the prolific Block 15/06, thus creating new chances for unlocking additional potential value. The mapping and the drilling of Agogo prospect has been possible through the use of Eni’s advanced and sophisticated proprietary seismic imaging technologies.

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.