• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, June 22, 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

Maynard Championby Maynard Champion
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

Ebola Outbreak Caused by the Bundibugyo Virus
Africa

Over One Million Screened as IOM Steps Up Ebola Containment Efforts

June 19, 2026
President Emmerson Mnangagwa
Africa

Zimbabwe Lawmakers Approve Bill to Extend Presidential Terms

June 18, 2026
Climate Crises
Africa

Africa’s Climate Crisis Deepens as Extreme Weather Affects 13 Million

June 18, 2026
Sierra Leone's First Lady, Fatima Maada Bio
Africa

Sierra Leone First Lady Denies Supporting Female Genital Mutilation

June 17, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

UK Prime Minister, Keir Starmer

Starmer Nears Exit as Burnham Advances Toward No. 10

June 22, 2026
Kevin Lenini made history by scoring Cape Verde's first ever goal in their history at the FIFA World Cup

Cape Verde Hold Uruguay in Four-Goal Thriller

June 22, 2026
Ministry of Energy and the Bui Power Authority (BPA)

Energy Ministry, BPA Inspects Ongoing Power and Renewable Energy Projects at Bui and Yendi

June 21, 2026
Six  arrested Over Kwabenya-Kristo Asafo Shooting Incident

Police Arrest Six Over Kwabenya-Kristo Asafo Shooting Incident

June 21, 2026
Miss Ghana Auditions 2026

Miss Ghana 2026 Auditions Spark Nationwide Beauty Quest

June 21, 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.