Eni confirms 650 mmbbl of oil with Agogo’s discovery in Angola

33713993482 5140eaa7e6 zItaly’s Eni has successfully drilled Agogo-2, the first appraisal well of the Agogo discovery in Block 15/06, offshore Angola

The well results confirm the 650 mmbbl of oil in place at the Agogo field and indicate further upside in its northern sector that will be assessed with new appraisal wells.

Eni said the well was drilled by the Poseidon drillship, three km northwest of the Agogo-1 discovery well, about 180 km from the coast and 23 km from the floating production and storage facility N’Goma West Hub (FPSO). The well was drilled at a water depth of 1,700 m and reached a total depth of 3,949 m.

Agogo-2 encountered 58 metres net of light oil (31° API), in sandstones of Miocene and Oligocene age with excellent petro-physical characteristics. The result confirms the extension of the Agogo reservoir to the north of the discovery well and below the salt diapirs.

The well was planned and drilled as a highly deviated one, to reach the sequences below the salt diapirs and to prove the existence of reservoir and oil charge also in this sector of the Agogo megastructure. Data acquired in Agogo-2 indicate a production capacity exceeding 15,000 bopd.

The Block 15/06 JV is composed by Eni, the operator of the asset with a 36.8421 per cent stake, Sonangol P&P which has 36.8421 per cent and SSI Fifteen Limited who holds the remaining 26.3158 per cent.

Eni plans to start Agogo’s first production before the end of 2019 with a subsea tie back to the N’Goma FPSO. Meanwhile, Eni will continue the evaluation campaign to assess the full potential of the discovery and size its development.

Eni’s equity production in Angola now stands at about 150,000 boepd. Eni operates two development projects in Block 15/06, West Hub and East Hub, which now produce about 155,000 bpd of oil. Eni is also the Cabinda Norte Block operator, located on the Angolan shore.

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