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Project Insights

Eni strikes oil off Angola

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.
By Staff reporter 10 December 2018 Middle East & Africa / Exploration & Production 0 33626

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...