Eni Makes New Light Oil Discovery Offshore Angola

By Giulia Petroni

Eni SpA said Tuesday that it has made a new light oil discovery with a size estimated at between 200 and 250 million barrels of oil in Block 15/06 offshore Angola.

The Italian oil-and-gas major said the well has been drilled on the Cuica exploration prospect in the Cabaça development area. Data indicates it could lead to a production capacity of around 10,000 barrels of oil a day.

"The well-head location, intentionally placed close to East Hub's subsea network, will allow a fast-track tie-in of the exploration well and relevant production," Eni said. Production is expected to start within six months after discovery.

Write to Giulia Petroni at [e-mail]

(END) Dow Jones Newswires

04-06-21 0845ET