Sonangol and ENI group agree expansion of oil block in Angola

8 November 2018

An additional area of ​​400 square kilometers was added to oil block 15/06 in Angola under an addendum to the joint exploration contract signed on Wednesday in Luanda by Sonangol) and Italian group ENI.

The ENI group also reported in a statement that the addendum to the agreement is part of its strategy to increase exploration activities in Angola, especially in the search for new wells close to existing ones.

Following the discovery of a new well – Kalimba – on 1 June of this year, the Italian group has speeded up its exploration programme and has already started drilling activities in four pre-defined locations.

“If Kalimba’s activities are successful, this strategy will accelerate the development of synergies with existing infrastructures, significantly reducing costs and time,” it said in the statement released in Milan.

Block 15/06, owned by Sonangol P&P (36.84%), ENI Angola SpA (36.84%) and SSI (26.82%), is located 350 kilometres north-west of Luanda and 135 kilometres west of Soyo (north), in deep waters, ranging between 200 and 1,800 metres.

ENI’s partnership with Sonangol also includes other activities, such as technical assistance to improve the efficiency of the Luanda Refinery, as well as support for the development of other refineries (Lobito and Soyo), along with gas and renewable energy exploration projects .

On Wednesday, the chief executive of the Italian group, Caludio Descalzi, was received in an audience by President João Lourenço, during which the Italian oil company’s operational activities in Angola were analysed. (macauhub)