oil refinery, page-7

Don't get trampled 123.

Eni finds Angolan elephant
Published May 5, 2008
Italian oil company Eni and Angolan state energy champ Sonangol have made an “important” oil discovery in the deepwater offshore Angola, where “excellent” quality oil (25 API) flowed from the well-head some 1,349 metres beneath the waves.

The Sangos 1 well is the first in Block 15/06, and more promise lies in the west of the acreage, some 35 kilometres north Luanda, the Angolan capital. Operator Eni said the well was drilled to total depth 3,343 m and revealed a 127 m oil column in porous Miocenic Age rock.

Eni has a 35 percent working interest in the Block, where Sonangol E&P (15 percent) is the licensee. The two companies are joined at Sangos by fellow contractors SSI Fifteen Ltd. (20 percent), Total (15 percent), Falcon Oil Holding (5 percent), Petrobras (five percent) and StatoilHydro with five percent.

The block was hotly contended in an international round. Eni, with its 125,000 barrels per day of Angolan production, won out and included the country known for its disciplined workforce into its growth plans.

Tags: Eni Norge AS, Falcon Oil Holding Angola, Petrobras, Sangos, Sonangol, Sonangol E&P, SSI Fifteen Ltd., StatoilHydro, Total.