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Eni revises Agogo Field estimate to 1 billion barrels of oil in place



Eni have increased their estimates for the Agogo Field, located in Block 15/06 offshore Angola, by 40% - to reach an expected total of 1 billion barrels of oil in place.

The Agogo field is now estimated to hold up to 1 billion barrels of oil in place
(Image via Eni)

The Agogo-3 well was drilled by the Libongos drillship 1.5km North West of the Agogo-2 well and 4.5km North of Agogo-1. It found up to 120 metres of net pay oil with 31 degrees API in Miocene and Oligocene age reservoirs, with excellent petrophysical properties. Following an intense data acquisition, communication with the Agogo-2 reservoirs and a further extension of the Agogo discovery to the North was confirmed. 

The Northern sector of the field is to be tested for further upside. 

The field is located approximately 180km from the Angolan coast and 23km from the West Hub, which is anchored by the N’Goma floating production, storage and offloading (FPSO) facility. 

The Agogo-3 appraisal well was drilled in a water depth of 1,700m to a total measured depth of 4,321m. It was planned and drilled as a highly deviated well that used Eni’s advanced proprietary seismic imaging technologies to reach sequences below a thick blanket of salt, confirming the existence of oil. 

Production capacity from Agogo-3 is anticipated to reach in excess of 15,000 barrels of oil per day. 

Eni began early production from the Agogo field in January - just nine months after the initial discovery was made from Agogo-1. A subsea tie-back to the N’Goma FPSO allowed the fast turnaround with production beginning at 10,000 bpd with a total expected capacity of 20,000 bpd. 

An additional production hub is planned, with an FID targeted for 2021, to exploit the full potential of the field. 

The Agogo venture is operated by Eni, who own 36.8421%, with Sonangol P&P holding 36.8421% and SSI Fifteen Limited holding 26.3158%. 

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Eni revises Agogo Field estimate to 1 billion barrels of oil in place - Time to read 2 min
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