Eni Drills First Appraisal Well Offshore Angola
26 July 2019 - 12:17AM
Dow Jones News
By Antonia Di Lorenzo
Eni SpA (ENI.MI) said Thursday that the first appraisal well
drilled at Block 15/06, offshore Angola, has confirmed the presence
of 650 million barrels of oil.
The Italian oil-and-gas company said the Agogo-2 well was
successfully drilled at the block, which is part of the Agogo
discovery, and indicated further upside potential.
The company said the well is some three kilometers from the
Agogo-1 discovery well. Eni said Agogo-2 found a net 58 meters of
light oil, confirming the extension of the Agogo reservoir to the
north of the discovery.
Data acquired by the Agogo-2 well suggests a daily production
capacity of over 15,000 barrels of oil a day.
Eni operates Block 15/06 as part of a joint venture alongside
Sonangol P&P and SSI Fifteen Ltd. Eni and Sonangol each hold
stakes of 36.84%, while SSI holds a 26.32% stake.
Write to Antonia Di Lorenzo at antonia.dilorenzo@wsj.com;
@AntoniaDL89
(END) Dow Jones Newswires
July 25, 2019 10:02 ET (14:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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