Eni pronounces a significant oil discovery in Block 15/06, within the Agogo exploration prospect, in Angola’s deep water. The new discovery is estimated to comprise between 450 and 650 million barrels of sunshine oil in place with additional upside.
The Agogo-1 NFW properly, which has led to the invention, is positioned roughly 180 kilometers off the coast and about 20 kilometers west from the N’Goma FPSO (West Hub). The properly was drilled by the Poseidon drillship in a water depth of 1636 meters and reached a complete depth of 4450 meters.
Agogo-1 NFW proved a single oil column of about 203 meters with 120 meters of web pay of top quality oil (31° API) contained in a sub salt diapirs setting in Lower Miocene sandstones with glorious petrophysical properties. The knowledge acquired in Agogo-1 NFW point out a manufacturing capability of greater than 20,000 barrels of oil per day.
Agogo is the third discovery of economic nature for the reason that Block 15/06 Consortium determined to launch a brand new exploration marketing campaign in 2018, resulting in the discoveries of Kalimba and Afoxé.
The discovery opens new alternatives for oil exploration beneath salt diapirs within the north-west a part of the prolific Block 15/06, thus creating new probabilities for unlocking extra potential worth. The mapping and the drilling of Agogo prospect has been attainable via using Eni’s superior and complex proprietary seismic imaging applied sciences.
The Block 15/06 Joint Venture, composed by Eni (operator, with a 36.8421% stake), Sonangol P&P (36.8421%) and SSI Fifteen Limited (26.3158%), will work to appraise the invention and begin the research to quick monitor its growth.
Angola is a key Country in Eni’s natural progress technique. The Company has been current within the Country since 1980 and presently accounts an fairness manufacturing of about 155,000 barrels of oil equal per day. In Block 15/06 Eni operates two FPSOs (N’Goma in West Hub and Olombendo in East Hub) that are presently producing about 160.000 barrels of oil per day (100%). Eni can be operator of the Cabinda Norte Block, positioned onshore Angola.
(Source: ENI – Image: Ocean Rig Poseidon)
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