Eni raises Angola’s offshore reserves

Angola

LUANDA, March 30, 2022 – Eni has upped its field estimates at the Ndungu field in Angola after drilling an appraisal well, the Italian super-major announced on Monday.

Data collected from the Ndungu 2 exploration well saw resources climb from between an estimated 250 million to 300 million boe in place to between 800 million and 1 billion boe in place.

The find – together with exploration works on the Agogo field – is the largest on Block 15/16 since Eni took on the concession licence.

Early production began on the Ndungu field in February 2022, with a second producing well planned for Q4 2022.

Block 15/6 is operated by Eni with a 36.84% share, with NOC Sonangol holding a 36.84% stake and independent SSI Fifteen holding the remaining 26.32% stake.

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