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Eni Makes New Oil Discovery off Angola

Source: www.gulfoilandgas.com 10/29/2010, Location: Africa

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Petrobras announces a new discovery in well Cabaca Sudeste-2, drilled to delimit the recent oil discovery made in Block 15/06, on the coast of Angola, located about 100 km from shore, with water depths of 470 meters.

Initial assessments indicate the existence of high-quality 34 degree API oil at a flow rate of approximately 7,000 barrels per day. The productivity was restricted to the limited capacity of the surface facilities.

The block is operated by Eni (35%), in partnership with Petrobras (5%), Sonangol Research and Production (15%), SSI Fifteen Limited (20%), Total (15%), Falcon Oil Holding Angola SA (5 %) and Statoil Angola Block 15/06 Award SA (5%).

This is the second discovery made in this block. The first, called Mpungi-1 was also announced this month by means of the drilling of the Mpungi-1 well, located 120 km off the Angolan coast, in water depths of 1,050 meters and a total depth of 2,300 meters. Initial production tests indicated flow rate greater than 6000 barrels per day of light oil.

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