Italian oil & gas company Eni have announced two discoveries from their exploration projects this week.
On Wednesday the company revealed a major oil find from the Agogo exploration project, located in Block 15/06 offshore Angola.
Approximately 180km off the coast, the Agogo-1NFW well was drilled by the Poseidon drillship in a water depth of 1636 metres to a total depth of 4450 metres. It proved a single oil column of around 203 metres with 120 metres of net pay high quality oil with excellent petrophysical properties.
The discovery is estimated to contain between 450 and 650 million barrels of light oil in place with further upside.
The well is located around 20km west of the N’Goma FPSO hub. The discovery is being appraised, so that development can be fast tracked. It’s thought that the project could have a production capacity of more than 20,000 barrels of oil per day.
Eni say that the discovery was achieved with their advanced proprietary seismic imaging technologies, and opens up new opportunities for oil exploration below salt diapirs in the north-west part of Block 15/06, with new chances for unlocking additional potential value.