Eni announces new oil discovery offshore Angola

33485852250 a4a1365631 zOil and gas company Eni has announced that it has struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola

The discovery is estimated to contain between 170 and 200 mmbbl of light oil in place, according to Eni.

The Afoxé-1 NFW well, which has led to the new oil discovery, is located in the south-east area of Block 15/06, approximately 120 km off the coast, 50 km south-west from the Olombendo FPSO and 20 km west of the recent Kalimba-1 discovery.

The well was drilled in a water depth of 780 meters and reached a total depth of 1,723 meters.

Afoxé-1 NFW proved a 20 meters net oil pay of high-quality oil (37°API) contained in Upper Miocene sandstones with excellent petrophysical properties. The well has not been tested but an intensive data collection has been carried out that indicated a production capacity in excess of 5,000 bopd.

The new nearby discoveries of Kalimba and Afoxé now represent a potential of 400-500 mnboe high-quality oil and a new cluster that can be exploited in a new development concept together.

The discovery of Afoxé further confirms the potential for oil exploration in the southern part of Block 15/06, which was previously considered to be predominantly gas-prone, it added.

In 2019, Eni plans to drill up to four new exploratory wells in Block 15/06.

Eni’s CEO Claudio Descalzi said, “Eni is committed to developing this discovery leveraging its best-in-class time-to-market, whilst at the same time launching an intense exploration campaign that will fully support the company’s mid-term organic growth in the country.”

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
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