Eni reports new oil discovery offshore Angola

Eni has made a new oil discovery in block 15/06, in the Ochigufu exploration prospect, in deep water offshore Angola. Oghigufu is the 10th commercial oil discovery made in block 15/06. The new discovery is estimated to contain 300 MMbbl of oil in place.

Offshore staff

SAN DONATO MILANESE, ItalyEni has made a new oil discovery in block 15/06, in the Ochigufu exploration prospect, in deep water offshore Angola. Oghigufu is the 10th commercial oil discovery made in block 15/06. The new discovery is estimated to contain 300 MMbbl of oil in place.

The Ochigufu 1 NFW well, which has led to the discovery is 150 km (93 mi) off the coast and 9.8 km (6 mi) from theNgoma FPSO (West Hub). The proximity to the Ngoma FPSO allows the increase of the resource base of the West Hub project, currently under way.

The well was drilled by theOcean Rig Poseidon in a water depth of 1,337 m (4,386 ft) and reached TD of 4,470 m (14,665 ft).

Eni is the operator of block 15/06 with a 35% stake. Other joint venture partners for the block are Sonangol P&P (30%), SSI Fifteen Ltd. (25%), Falcon Oil Holding Angola SA (5%), and Statoil Angola Block 15/06 (5%).

In block 15/06, the two oil development projects, West Hub and East Hub, have been sanctioned. Production startup of the West Hub project, through the FPSO Ngoma, is expected by the end of 2014.

09/17/2014

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