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Eni, Sonangol strike oil with Cabaca South East-1 well offshore Angola

Posted on 15 July 2010

Eni and Sonangol have announced a major oil discovery in Block 15/06 offshore Angola. The Cabaca South East-1 well, located at a depth of 470 m, reached its multi-target objective in the deepest levels of Miocene age. Oil-bearing reservoirs with a gross thickness of 450 m were proven.

Cabaca South East-1 is the seventh of eight expected exploration wells within the contractual commitments of the license. The well confirms the potential for a second productive hub in the northeast area of the block. The current engineering studies and the activities prior to the development of the West Hub will provide guidance for the second production centre. Due to synergies with ongoing activities, the East Hub will double the production in Block 15/06.

Eni has a 35% working interest and is the operator in Block 15/06 while Sonangol is the concessionaire.

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