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…Eni’s Latest Oil Discovery Could Be Big For Angola
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