New light oil discovery offshore Angola

Eni has made a new light oil discovery in Block 15/06, deep offshore Angola. The well was drilled on the Ndungu exploration prospect, and is estimated to contain up to 250mn barrels of light oil in place, with further upside.

Ndungu is the first significant oil discovery in Angola inside an existing development area. It could be fast-tracked to production due to its proximity to the Mpungi field’s subsea production system, just 2 km distant. Production will be routed to the N’goma FPSO, 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. It follows the discoveries of Kalimba, Afoxé and Agogo. Together, the four discoveries are estimated to contain up to 1.4bn barrels of light oil in place.

The block 15/06 joint venture comprises Eni (operator, 36.8421%), Sonangol P&P (36.8421%) and SSI Fifteen (26.3158%).

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