Eni Hits the Jackpot With Fifth Oil Discovery Within One Year
Italian Oil major Eni has made the fifth oil discovery in one year in Block 15/06, Agidigbo exploration prospect in Offshore Angola with 300 to 400 million barrels of light oil in place.
Eni said on Monday 3rd June that, the Agidigbo-1 NFW has been drilled by the West Gemini drillship in a water depth of 275 meters, and reached a total depth of 3800 meters, as per ENI.
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According to analysts, a single hydrocarbon column composed by a gas cap of about 60 m and 100 meters of light oil with an oil down to. The hydrocarbons are contained in the Lower Miocene sandstones with good petrophysical properties.
The discovery has further upside that will be endorsed by an appraisal campaign planned in early 2020.
Due to its proximity to East Hub’s facilities and subsea network, which are at about 10km away, production from Agidigbo can be fast-tracked, thus extending the Armada Olombendo FPSO production plateau, according to Eni.
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Agidigbo is the fifth discovery of commercial nature since the Block 15/06 Joint Venture re-launched its exploration effort one year ago. It follows the discoveries of Kalimba, Afoxé, Agogo and Ndungu. The five discoveries altogether are estimated to contain up to 1.8 Billion barrels of light oil in place with possible upside.
The Block 15/06 Joint Venture is composed by Eni (operator, 36.8421%), Sonangol P&P (36.8421%) and SSI Fifteen Limited (26.3158%).
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.
