An agreement related to Block 15 in the Angolan sea was signed on Wednesday between the National Agency for Oil, Gas and Biofuels (ANPG) and Esso Angola, of US group ExxonMobil, according to an announcement.

The document was signed by ANPG President Paulino Jerónimo and Esso Angola Chief Executive Andre Kostelnik at the Angola Oil & Gas 2019 conference, which took place from 4 to 6 June at the Talatona Convention Centre in Luanda.

This block was the focus of a separate agreement between Angolan oil company Sonangol and Italian group ENI.

Block 15 is located in the basin of the Lower Congo south of the Zaire river, in deep waters in the Angolan sea at a depth that varies between 400 and 1,500 metres.

The ENI group, for example, has already made five oil discoveries in that block, with the most recent, Agidigbo, after Kalimba, Afoxé, Agogo and Ndungu, announced on Monday.

The five discoveries contain an estimated 1.8 billion barrels of light oil, with the latest expected to contain between 300 million and 400 million barrels. (Macauhub)