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Wed, 13 Mar 2019 20:18 - Updated Wed, 13 Mar 2019 20:18

Eni announces big oil discovery

Luanda - Sonangol and Eni today announced the completion of a new oil discovery in block 15/06 in the Lower Congo Maritime Basin, with the drilling of the Agogo-1 ST1 research well, with estimated reserves between 450 and 650 million barrels.

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FPSO in operation in Angolan Offshore (file)

Photo: Angop

The data acquired during the drilling indicate an original volume of resources estimated at a range of 450 to 650 million barrels of oil, with a production capacity of more than 20,000 barrels of oil per day, according to a press release from Sonangol sent to Angop.

The Agogo-1 ST1 research well (formerly known as Prospectus W6) is the third discovery of the Subsequent Exploration Phase Extension in Block 15/06, drilled by the Poseidon probe vessel, into a 1,966-meter water slide and reached depth of four thousand and 450 meters, having found a reservoir with excellent petrophysical properties.

The preliminary petrophysical assessment of the identified reservoirs confirms the presence of a single column of about 120 meters impregnated with light petroleum (30th API).

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