Italian oil company Eni has announced a major oil discovery in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water.
The new discovery is estimated to contain between 450 and 650 million barrels of light oil in place with further upside, Eni said on Wednesday.
The Agogo-1 NFW well, which has led to the discovery, is located approximately 180 kilometers off the coast and about 20 kilometers west from the N’Goma FPSO (West Hub). The well was drilled by the Poseidon drillship in a water depth of 1636 meters and reached a total depth of 4450 meters.
According to Eni, the discovery opens new opportunities for oil exploration below salt diapirs in the north-west part of the prolific Block 15/06, thus creating new chances for unlocking additional potential value. The mapping and the drilling of Agogo prospect has been possible through the use of Eni’s proprietary seismic imaging technologies.