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Eni makes oil find off Angola

Italian player unearths new light oil discovery in Block 15/06

Italian player Eni has hit oil on Block 15/06 off Angola, continuing its recent string of discoveries on the African continent.

The company said on Tuesday that it has made a new light oil discovery in Angola’s deep offshore after drilling on the Ndungu prospect.

The new discovery is estimated to contain up to 250 million barrels of light oil in place, with further upside, Eni said.

In Block 15/06, Eni operates two oil development projects, West Hub and East Hub, which currently produce about 155,000 barrels per day of oil.

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The Ndungu-1 NFW well is located a few kilometers from Eni’s West Hub facilities, and was drilled by the drillship Poseidon in a water depth of 1076 meters.

The well reached a total depth of 4050 meters and proved a single oil column of about 65 meters, with 45 meters of net pay of high quality oil contained in Oligocene sandstones.

The result of the intensive data collection indicates a production capacity in excess of 10,000 bpd, according to Eni.

“Being located about 2 kilometres from the Mpungi field, the new discovery can be fast-tracked to production due to the proximity to the subsea production system,” the company said.

“Production will be routed to the N’goma floating production, storage and offloading vessel, therefore extending the West Hub’s production plateau.”

Ndungu is the fourth discovery of commercial nature since the Block 15/06 joint venture re-launched its exploration campaign in mid-2018. It follows the discoveries of Kalimba, Afoxe and Agogo.

The four discoveries altogether already estimated to contain up to 1.4 billion barrels of light oil in place, Eni said, adding that the appraisal phase of these discoveries will target their additional upside.

Block 15/06 is operated by Eni on 36.8%, and the company is joined by state player Sonangol on 36.8% and SSI Fifteen on 26.3%.

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