Eni has made a new light oil discovery in Block 15/ off Angola that continues a streak of finds in Africa.
The well was drilled on the Ndungu exploration prospect. The new discovery is estimated to contain up to 250 million barrels of light oil in place, with further upside.
The Ndungu-1 NFW well is located a few kilometers from Eni’s West Hub facilities, and has been drilled by the Poseidon drillship in a water depth of 1076 meters and reached a total depth of 4050 meters. Ndungu-1 NFW proved a single oil column of about 65 meters with 45 meters of net pay of high quality oil (35° API) contained in Oligocene sandstones.
Eni said in a statement that Ndungu is the first significant oil discovery in Angola inside an already existing Development Area.
“The new discovery can also be fast-tracked to production due to the proximity to the Sub Sea production system. Production will be routed to the N’goma FPSO, therefore extending the West Hub’s production plateau.”
Ndungu is the fourth discovery of commercial nature since the Block 15/06 Joint Venture re-launched its exploration campaign in mid-2018.
The Block 15/06 Joint Venture, composed by Eni (operator, 36.8421%), Sonangol P&P (36.8421%) and SSI Fifteen Limited (26.3158%), will work to fast track its development.