Italy’s oil and gas company Eni has announced that it has made major oil discovery offshore Angola, estimated to contain between 450 and 650 mmbbl of light oil
The discovery was made at the Agogo exploration prospect in Block 15/06 which feeds into its West Hub project, according to Eni.
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 Agogo-1 NFW well is located approximately 180 km off the coast and about 20 km west from the N’Goma FPSO (West Hub).
Agogo-1 NFW proved to be a single oil column of about 203 meters with net pay of 120 meters of high-quality oil (31° API) contained in a sub-salt diapir setting in lower miocene sandstones with excellent petrophysical properties.
The data acquired in Agogo-1 NFW indicated a production capacity of more than 20,000 bopd, the statement added.
The discovery opens up new opportunities for oil exploration below salt diapirs in the northwest part of the prolific Block 15/06, creating new opportunities for unlocking additional potential value. Agogo prospect mapping and drilling was possible through the use of Eni’s proprietary seismic imaging technologies.
The Block 15/06 joint venture, made up of Eni (operator with a stake of 36.8421 per cent), Sonangol P&P (36.8421 per cent) and SSI Fifteen Limited (26.3158 per cent), will work to evaluate the discovery and start the studies to track its development quickly.
The company has been present in the country since 1980 and accounts for about 155,000 boepd of equity production.
