Eni said July 25 the Agogo-2 appraisal well offshore Angola has confirmed the 650 million barrels of oil in place at the Agogo Field and there is indication of further upside in the north part of the field.
Drilled by the Poseidon drillship about 3 km northwest of the Agogo-1 discovery well in Block 15/06, Agogo-2 hit 58 m net of light oil in sandstones of Miocene and Oligocene age with excellent petrophysical characteristics, Eni said in a news release.
“The result confirms the extension of the Agogo reservoir to the north of the discovery well and below the salt diapirs,” Eni said. “The well has been planned and drilled as a highly deviated one to reach the sequences below the salt diapirs and prove the existence of reservoir and oil charge also in this sector of the Agogo megastructure. Data acquired in Agogo-2 indicate a production capacity in excess of 15,000 barrels of oil per day.”
Agogo-2 was drilled to a total depth of 3,949 m with a water depth of 1,700 m.
The company has plans to drill additional appraisal wells.
Eni, which serves as operator, and its partners Sonangol P&P and SSI Fifteen Ltd. aim to begin production from the Agogo Field—via a subsea tieback to the N’Goma FPSO—by year-end 2019.
Husky, the operator and majority owner of the White Rose Field, said it expects production there to ramp up to about 20,000 barrels per day after the start-up.
Producers completed 5,749 wells in Texas from January to July versus 6,514 in the same period last year, the Railroad Commission of Texas said on Aug. 16.
Companies added six oil rigs in the week to Aug. 16, the biggest increase since April, bringing the total count to 770, Baker Hughes, a GE company, said in its weekly report.