The Italian Oil Company Eni Made A New Discovery Of Light Oil In Block 15/06, In Deep Waters Of Angola. The Well Was Drilled In The Ndungu Exploration Prospect
According To Eni’s Statement On Tuesday, The New Discovery Is Estimated To Contain Up To 250 Million Barrels Of Light Oil, With Additional Advantages. The Ndungu-1 NFW Well Is Located A Few Kilometers From Eni’s Central West Facilities And Was Drilled By The Drillship Poseidon To A Depth Of 1076 Meters And Reached A Total Depth Of 4050 Meters.
The Drillship Poseidon Was Previously Owned By Ocean Rig Until The Driller Was Acquired By Transocean In December 2018. The Drillship Began Working For Eni In Angola Last November After A Drilling Campaign In Namibia Where It Had Drilled For Chariot And Tullow. Eni Contracted The Poseidon For A Firm Program Of Four Wells.
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Eni Stated That The Ndungu-1 NFW Proved A Single Oil Column Of Approximately 65 Meters With 45 Meters Of Net Pay Of High-Quality Oil (35 ° API) Contained In Oligocene Sandstones With Excellent Petrophysical Properties. The Result Of Intensive Data Gathering Indicates A Production Capacity Exceeding 10,000 Barrels Of Oil Per Day.
Ndungu Is The First Significant Oil Discovery In Angola Within An Existing Development Area. It Certifies The Concrete Validity Of Recent Legislation Promoted Through Presidential Legislative Decree No. 5/18 Of May 18, 2018, Which Defines A Favorable Legal Framework For Additional Exploration Activities Within Existing Development Areas.
Located About 2 Km From The Mpungi Field, The New Discovery Can Be Fast-Tracked To Production Due To The Proximity Of The Subsea Production System. Production Will Be Routed To The FPSO Ngoma, Thus Extending The Production Level Of The Central West, Eni Explained.
Ndungu Is The Fourth Commercially Viable Discovery Since The Joint Venture Block 15/06 Relaunched Its Exploration Campaign In Mid-2018. It Follows The Discoveries Of Kalimba, Afoxé, And Agogo; The Four Discoveries Are Estimated To Contain Up To 1.4 Billion Barrels Of Light Oil In Total. The Evaluation Phase Of These Discoveries Will Aim For Its Additional Upside.
To Remember, Eni Announced “A Major Oil Discovery” In Block 15/06, In The Agogo Exploration Prospect, In The Deep Waters Of Angola, In March 2019.
Eni Stated That These Significant Discoveries Further Demonstrate The Positive Potential Of The Block And The Effectiveness Of The Proprietary Technologies That Eni Has Used And Will Use To Explore Block 15/06.
The Joint Venture Block 15/06, Composed Of Eni (Operator, 36.8421%), Sonangol P & P (36.8421%), And SSI Fifteen Limited (26.3158%), Will Work To Accelerate Its Development.
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