ExxonMobil completes drilling at Block 15 research well offshore Angola

By Elena Kachkova in Johannesburg May 15, 2024

US-based energy major ExxonMobil has completed drilling operations at the Likembe – 01 research well offshore Angola.

According to the National Agency of Oil, Gas and Biofuels (ANPG), the country’s concessionaire and energy regulator, the drilling confirmed the existence of high-quality sand packages impregnated with hydrocarbons.

The well is located in the Kizomba B development area, in Block 15, operated by ExxonMobil, in partnership with Angola’s national oil company Sonanagol and international energy firms Equinor (Norway) and Azule Energy, an Angola-focused joint venture between BP and Eni (Italy).

The research well was drilled between February and April in a water depth of 1,200 metres, and has reached a final depth of 3,013 metres, the ANPG said in a statement on May 13.

Likembe-01 is the first well drilled under the preliminary agreements of the Incremental Production project aiming to provide incentives to investors to produce additional volumes in the concessions currently in production, the regulator revealed.

Block 15 is one of Angola’s largest oil-producing blocks, however, crude production from its mature fields has been declining in recent years. ExxonMobil holds a 40% interest in the block, which is one of the three deepwater blocks operated by the company offshore Angola.

According to ExxonMobil data, the block has a recoverable resource potential of approximately 4bn barrels of oil equivalent (boe) on a gross basis. Since its inception in 2003, more than 2.2bn boe have been produced from this block.

Related Articles

US development finance institution DFC commits $412mn to build Sierra Leone power station

The US International Development Finance Corporation (DFC) has committed $412mn to support the construction of Sierra Leone's first major power station. The funding package includes a $292mn loan ... more

South Africa’s Eskom refutes claims of excessive diesel-burning to keep lights on pre-election

South Africa’s state-owned power utility Eskom has refuted claims circulated by media outlets that it has been burning excessive amounts of diesel to avert power outages, locally called load ... more

Atlantic Lithium to start trading on Ghana Stock Exchange on May 13

Atlantic Lithium Ltd., the African-focused lithium exploration and development company aiming to establish Ghana's inaugural lithium mine, will begin trading on the Ghana Stock Exchange (GSE) on ... more