Africa Angola Commodities Natural Resources Oil

Italy’s ENI group discovers more oil in Angola

The drilling of Agogo 2, the first test well of the Agogo field, in Block 15/06, in the Angolan sea, led to the conclusion that the field contains 650 million barrels of oil, Italian group ENI said on Thursday in Milan.

Agogo 2 was drilled by the Poseidon drillship, 3 kilometres northwest of the Agogo 1 discovery well, approximately 180 kilometres off the coast and 23 kilometres from the N’Goma Floating Production, Storage and Offloading (FPSO) unit.

Agogo 2 data shows a production capacity in excess of 15,000 barrels of oil per day.

Block 15/06 is operated by ENI, with a 36.8421% stake, Sonangol P&P, which holds 36.8421%, and SSI Fifteen Limited, which holds the remaining 26.3158%.

Source: Macauhub

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