• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, May 8, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Africa

Eni Announces Major Resource Upgrade of Ndungu Field Offshore Angola

M.Cby M.C
March 28, 2022
Reading Time: 3 mins read
saudi aramco

An Offshore Oil Rig

Oil major, Eni SPA, has announced a major upgrade of the resource base in the Ndungu field, located approximately 130km off the coast and about 10km from Ngoma FPSO in the West Hub of block 15/06.

The Ndugu 2 appraisal well was drilled 5 km away from Ndungu 1 and stroke 40 metres of net oil pay (35 degrees API) in the lower Oligocene reservoirs with good petrophysical properties. An intensive data acquisition was performed to assess the full potential of the discovery, according to Eni.

Preliminary data collected on Ndungu 2 allows to boost to 800 – 1000 million barrels of oil equivalent in place of the field resources from the initial estimates of 250-300 million (post Ndungu 1), making Ndugu, together with Agogo, the largest accumulation discovered in Block 15/06 since the block award.

“The systematic and continuous infrastructure-led exploration (ILX) efforts conducted by Eni and its partners during the last three years, leveraged leading edge technology and allowed to unlock significant additional potential in the complex structural and stratigraphic traps inside Block 15/06.”

Eni Angola

The early production phase of Ndungu started in February 2022, through one producer well, and a second well is expected in the fourth quarter of 2022, maximizing the utilization of existing facilities in the West Hub. “In parallel, appraisal whilst producing will continue, to optimize returns and minimize risks.”

ADVERTISEMENT

Ndungu field development is expected to be upgraded, owing to the significant increase of resource base. This follows a phased approach “to untap the overall potential in an optimal way from a financial perspective”.

revenue
Oil rig offshore

Production at the Ndungu Field

In line with this, the Ndungu field development will initially contribute to extending and increasing the plateau of the Ngoma, a 100 kbopd zero-discharge and zero-process flaring FPSO.

Last month, Eni announced that further exploration and delineation campaign will be performed in the first half of 2022 with the aim to assess the full potential of the overall asset of Ndungu.

Block 15/06 is operated by Eni Angola with a 36.84 per cent share. Sonangol Pesquisa e Produção (36.84%) and SSI Fifteen Limited (26.32%) are the other partners of the Joint Venture operation.

Ndungu is the third start-up achieved by Eni Angola in Block 15/06 since last year, after Cuica Early Production and Cabaca North Development Project.

Eni is the operator of exploration blocks Cabinda North, Cabinda Centro, 1/14 and 28, as well as of the New Gas Consortium (NGC). In addition, Eni has stakes in the non-operated blocks 0 (Cabinda), 3/05, 3/05A, 14, 14 K/A-IMI, 15 and in Angola LNG.

This result also shows how Azule Energy, the recently announced independent joint venture that combines Eni and bp portfolios in the country, can count on a solid pipeline of new projects starting up over the next few years, including Agogo, Ndungu and PAJ oil projects in Blocks 15/06 and 31 respectively, as well as the NGC gas projects.

The Azule energy, is itself, a huge one, as it is expected to create the country’s largest oil and gas producer with an output exceeding 200,000 barrels of oil equivalent per day plus resources of 2 billion boe.

READ ALSO: Over 30 Million Seedlings Delivered to Farmers Under TCDA initiative- MOFA

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: AngolaoffshoreResourceUpgrade
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Abramovich Suffers Suspected Poisoning

Next Post

GCX, WFP Train Farmers & Market Actors In Ghana

Related Posts

Arrested
Africa

Suspected Nigerian Drug Syndicate Figure Held in Switzerland

May 7, 2026
MV Hondius Cruise Ship near the coast of Cape Verde
Africa

South Africa Confirms Two Human-to-Human Hantavirus Cases Linked to Ship

May 6, 2026
National Democratic Congress
Africa

NDC Rises as ADC Faces Wave of Defections

May 6, 2026
Khartoum International Airport
Africa

Cairo Condemns Attack on Khartoum Airport

May 5, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Mike Fraser, the Chief Executive Officer of Goldfields

E&P Drags Gold Fields to Arbitration over Tarkwa, Damang Mine Claims

May 8, 2026
Goldfield Staff

Gold Fields Suffers 25% Production Decline at Tarkwa Mines in 2026 First Quarter

May 8, 2026
Uncle Waffles
Swazi DJ and record producer

Accra Set for Amapiano Explosion as Uncle Waffles Takes Over Enzo Tonight

May 8, 2026
Mexico’s President Claudia Sheinbaum with South Korea's K-pop band BTS at the Palacio Nacional in Mexico City

BTS Receives Royal Welcome in Mexico

May 8, 2026
UK Prime Minister, Sir Keir Starmer

Starmer Takes Responsibility After Labour Suffers Heavy Election Losses

May 8, 2026
Next Post
gcx farmers article

GCX, WFP Train Farmers & Market Actors In Ghana

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address