Eni has announced it has struck oil 120 km off the coast of Angola in an area that had been deemed to be gas-prone.
The company has confirmed the discovery of 170-200 million barrels of light oil in the Afoxé exploration prospect in Block 15/06 in water depths of 780 metres.
Eni is the operator of the block with a 36.84% share and is developing it in a joint venture with Angola’s state petroleum company, Sonangol (which also has a 36.84% share), and SSI...
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!