Eni confirms an oil discovery in the Algaita-01 exploration well in Block 15/06, offshore Angola, approximately 18 km from Olombendo FPSO.
Preliminary estimates
indicate oil in place of around 500 million barrels.
The Algaita-01 well,
spudded on 10 January 2026, was drilled by the Saipem 12000 drill ship in a
water depth of 667 metres.
The well encountered
oil-bearing sandstones in multiple Upper Miocene intervals, characterised by
excellent petrophysical properties.
A comprehensive data
acquisition campaign, including fluid sampling, confirmed the quality of the
reservoir and the fluid characteristics.
The presence of
existing nearby production infrastructure further enhances the value of the
discovery and improves its development prospects.
Block 15/06 is
operated by Azule Energy (36.84 per cent), in partnership with SSI (26.32 per
cent) and Sonangol E&P (36.84 per cent).
Azule Energy is
equally owned by Eni and bp. -OGN/TradeArabia News Service
