Eni makes major oil find with Mpungi-1 in deepwater Angola

By Phaedra Friend Troy

Italian major Eni (NYSE:E) has struck oil again on Block 15/06 in the deepwaters offshore Angola. Mpungi-1 is the seventh oil discovery on this prolific block.

Located 120 kilometers offshore Angola, the Mpungi-1 discovery well is situated on Block 15/06 in waters measuring 1,050 meters deep. Drilled to a total depth of 1,300 meters, Mpungi-1 transected oil in both the Upper and Middle Miocene sand reservoirs.

Despite being limited by surface facilities, the production tests on Mpungi-1 produced light oil at a flow rate of more than 6,000 barrels per day.

The seventh commercial discovery on Block 15/06 in Angola, Mpungi-1 helps to solidify the block’s potential for development. The six other discoveries on the block include Cabaca Norte, Cabaca South East, Sangos, N’Goma, Nzanza and Cinguvu.

Eni serves as the operator of the block with 35 percent interest. Sonangol is the concessionaire. Partners include Sonangol with 15 percent; SSI Fifteen with 20 percent; Total with 15 percent; and Falcon Oil, Petrobras, and Statoil with 5 percent each.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs