Italian oil giant, Eni, has announced a new discovery of oil in Angola’s deepwater Block 15/06. The light oil discovery is estimated at 300 million – 400 million barrels.
The West Gemini drillship drilled the Agidigbo-1 NFW well in a water depth of 275 meters, reaching a total depth of 3,800 meters.
Eni said in a statement, “Due to its proximity to East Hub’s facilities and subsea network, which are at about 10 kilometers away, production from Agidigbo can be fast-tracked, thus extending the Armada Olombendo FPSO production plateau”.
The discovery marks Eni’s fifth commercial find in the block in one year, following the Ndungu discovery in May. Eni operates Block 15/06 with a 36.8421% stake, alongside Sonangol P&P (36.8421%) and SSI Fifteen (26.3158%).
In other news, the oil company has appointed a new Chief Upstream Officer. It was announced that the new Chief will be resuming on 1 September 2019, replacing Antonio Vella, who will leave the company at the end of the year, after a career spanning over more than 30 years.