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Eni strikes 300 million barrels of oil at new discovery offshore Angola

17th September 2014

Eni has made a new oil discovery in Block 15/06, in the Ochigufu exploration prospect, in deepwater offshore Angola

Eni strikes 300 million barrels of oil at new discovery offshore Angola
Studies are underway in order to evaluate an early tie-in to the Ngoma FPSO, already in location in the West Hub and designed to handle 100,000 barrels of oil production per day

Oghigufu is the tenth commercial oil discovery made in Block 15/06. The new discovery is estimated to contain 300 million barrels of oil in place.

"This important discovery, which will be brought into production in record time, adds even more value to Block 15/06,” said Claudio Descalzi, Eni’s CEO. “Like the recent discoveries in Congo and Gabon, this new find exemplifies the results we can achieve by applying leading edge technologies to exploration, and substantiates the decision to refocus Eni on key oil and gas competences.”

Ochigufu 1 NFW well, which has led to the discovery, will be brought into production in record time. The well is located at approximately 150 kilometres off the coast and 9.8 kilometres from the Ngoma FPSO (West Hub) and the closeness to Ngoma FPSO allows the increase of the  resource  base of the West Hub project, currently underway.

The well was drilled by the Ocean Rig Poseidon Drilling Unit in a water depth of 1,337 metres and reached a total depth of 4,470 metres.

Ochigufu 1 NFW was directionally drilled in order to reach the  targets in optimal position and proved a net oil pay of 47 metres, (34° API) contained in the Lower Miocene and Oligocene sandstones with very good petrophysical properties.

The data acquired in Ochigufu 1 well indicate a production capacity equal to more than 5,000 barrels of oil per day.

Studies are underway in order to evaluate an early tie-in to the Ngoma FPSO, already in location in the West Hub and designed to handle 100,000 barrels of oil production per day.

Eni is operator of the Block 15/06 with a 35 per cent stake. The other partners of the joint venture committed to the block are Sonangol P&P (30 per cent stake), SSI Fifteen Limited (25 per cent stake), Falcon Oil Holding Angola SA (5 per cent stake) and Statoil Angola Block 15/06 (5 per cent stake).

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