ENI group discovers more oil in Angola

26 June 2018

Italian group ENI has discovered oil in the Kalimba sector of Block 15/06, in Angola’s deep waters about 150 kilometres off the coast, which is expected to contain between 230 million and 300 million barrels of light oil, the group said in a statement released on Monday in Milan.

The group’s drilling reached a depth of 1,901 metres, adding that the collected samples point to “high quality” oil with excellent “petrophysical” properties, and the well can produce more than 5,000 barrels per day.

“This finding opens up new opportunities for oil exploration in the southern part of Block 15/06, which has until now been considered mainly gas-prone, thus creating new possibilities to add potential value to the bloc,” said the ENI group.

The Italian oil company is the operator of block 15/06, with a stake of 36.8421%, the same as Sonangol, and the remaining 26.3158% is held by SSI Fifteen Limited. (macauhub)