Eni strikes oil in Angola

LUANDA, June 25, 2018 – Eni has made a new oil discovery in the Kalimba exploration prospect 150 kilometres offshore Angola, the company announced Monday.

The new discovery in Block 15/06 is estimated to hold 230 million-300 million barrels of light oil in place. The well, drilled by the West Gemini drillship, is 1,901 metres deep in a water depth of 458 metres. It showed net pay of 23 metres of oil with a gravity of 33 degrees API, and the data suggested production capacity of more than 5,000 bopd.

“The discovery opens new opportunities for oil exploration in the southern part of Block 15/06, so far considered mainly gas prone, thus creating new chances for additional potential value in the block,” the company said in a statement.

The development of Block 15/06, site of the East Hub and West Hub developments, is the focal point of Eni’s activity in Angola.

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