ENI’s New Angolan Find to Push Net Output Beyond 115,000BOEPD - Africa’s premier report on the oil, gas and energy landscape.

ENI’s New Angolan Find to Push Net Output Beyond 115,000BOEPD

By Sully Manope

ENI’s new discovery of oil in Cuica-1 in Angola’s CabaçaDevelopment Area in Block 15/06 takes the Italian player on course of topping up its 100,000Barrels of Oil Per Day (BOPD) net in the country.

The well-head location, intentionally placed close to the Armada Olombendo FPSO East Hub’s subsea network, will allow a fast-track tie-in of the exploration well and relevant production, thus immediately creating value while extending the FPSO production plateau. It is expected that production will start within six months after discovery.

Cuica-1 encountered 80 metres total column of reservoir of light oil (38°API) in Miocene sandstones located in in a water depth of 500 metres, ENI says that this discovery translates to a size estimated between 200 and 250Million barrels of oil in place.

The company net 100,000BOPD (crude oil alone) in total export volume from Blocks O, 3/05. 3/05A, 14, 15 and 15/06 in February 2021, according to the Angolan regulatory agency, ANPG

The New Field Well (NFW) has been drilled as a deviated well by the Libongos drillship and reached a total vertical depth of 4100 metres, good petrophysical properties. The discovery well is going to be sidetracked updip to be placed in an optimal position as a producer well. “The result of the intensive data collection indicates an expected production capacity of around 10,000 barrels of oil per day”, ENI says in a statement.

“Cuica is the second significant oil discovery inside the existing Cabaça Development Area and confirms the Block 15/06 Joint Venture’s commitment to leverage the favorable legal framework on additional exploration activities within existing Development Areas, as promoted through the Presidential Legislative Decree No. 5/18 of 18 May 2018”, the company said.

“Pursuant to the discoveries of Kalimba, Afoxé, Ndungu, Agidigbo, Agogo and appraisals achieved between 2018 and 2020, Cuica represents the first commercial discovery in Block 15/06 after the re-launch of the exploration campaign post-2020 COVID-19 pandemic and the drop of oil price”. A three-year extension of the exploration period of Block 15/06 has been recently granted until November 2023.

 

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