Eni makes another large deepwater oil find off Angola
Eni has discovered another large oil field in block 15/06.
The drillshipPoseidon drilled the Agogo-1 NFW well in 1,636 m (5,367 ft) water depth, 180 km (112 mi) offshore and around 20 km (12.4 mi) west of the FPSO N’Goma serving the block’s West Hub.
Eni estimates in-place light oil in the range of 450-650 MMbbl, with further upside.
The well encountered a single oil column of around 203 m (666 ft) with 120 m (394 ft) of net pay of good quality (31° API) oil in a subsalt diapirs setting in Lower Miocene sandstones with strong petrophysical properties.
Well results indicate a production capacity of more than 20,000 b/d.
Agogo also opens the potential for new opportunities for oil exploration below salt diapirs in the northwestern part of the block, Eni added. The company used its proprietary seismic imaging technologies for mapping and drilling of the prospect.
Other partners in the Block 15/06 Joint Venture are Sonangol P&P and SSI Fifteen.
The focus now will be on appraising the discovery and initiating studies for fast tracking development, Eni said.