Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions. The discovery, made on Tuesday, is in Angola’s deepwater Block 15/06. Eni believes the exploration well, drilled at 500 metres in the Cuica exploration prospect, could hold as much as 200 to 250 million barrels of oil and presents the second big oil discovery in the area. “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, thus immediately creating value while extending the Armada Olombendo FPSO production plateau. It is expected that production will start within six months after discovery,” Eni stated . Eni, which has been an active part of the country’s oil industry since 1980, produces around 120,000 bpd of oil in Angola. The firm has announced an […]