The Eni-led exploration drive offshore Angola has proven successful again with the company making its fifth commercial oil discovery this year.
The Italian oil company said June 3 that post-drill results indicate the Agidigbo-1 NFW well found between 300 and 400 million barrels of light oil in place. The well, drilled by the West Gemini drillship in the deepwater Block 15/06 to a total depth of 3,800 m (12,467 ft), “proved a single hydrocarbon column composed by a gas cap of about 60 m and 100 m [197 ft and 328 ft] of light oil,” Eni said in a news release.
“The hydrocarbons are contained in the Lower Miocene sandstones with good petrophysical properties,” Eni said. “The discovery has further upside that will be proved by an appraisal campaign planned in early 2020.”
Development can be fast-tracked due to its location near the East Hub’s facilities, which are about 10 km (6 miles) away. The move would also extend the production plateau of the Armada Olombendo FPSO, the company said.
The Agidigbo discovery follows the discoveries of Kalimba, Afoxé, Agogo and Ndungu, which combined are estimated to contain up to 1.8 billion barrels of light oil in place, Eni said.
Eni is the operator of the Block 15/06 joint venture. Partners are Sonangol P&P and SSI Fifteen Ltd.
Recommended Reading
Yellen Expects Further Sanctions on Iran, Oil Exports Possible Target
2024-04-16 - U.S. Treasury Secretary Janet Yellen intends to hit Iran with new sanctions in coming days due to its unprecedented attack on Israel.
The Jones Act: An Old Law on a Voyage to Nowhere
2024-04-12 - Keeping up with the Jones Act is a burden for the energy industry, but efforts to repeal the 104-year-old law may be dead in the water.
Kinder Morgan Exec: Building Pipelines ‘Challenging, but Manageable’
2024-04-05 - Allen Fore, vice president of public affairs for Kinder Morgan, said building anything, from a new road to an ice cream shop, can be tough but dealing with stakeholders up front can move projects along.
US Companies Ponder Future in Venezuela as Washington Pressures Maduro on Elections
2024-01-26 - The pressure is on again for Venezuela’s President Nicolás Maduro to announce a clear election timeline amid tensions following recent arrest orders and detentions of his opposition supporters.
The Risks and Benefits of the IRA’s 45Q, 45Z
2024-01-29 - The Inflation Reduction Act sections 45Q and 45Z are incentives to invest in energy transition and renewable energy projects, but they involve legal considerations to account for.